https://www.taxtmi.com/caselaws?id=268229 The Tribunal held that the appellant must discharge excise duty based on the transaction value collected from Oil Marketing Companies (OMCs) for LPG sold in bulk, post-1.7.2000. The Tribunal emphasized that the amended Section 4 of the Central Excise Act, 1944, requires excise duty to be based on the transaction value, irrespective of the Administered Price Mechanism. Previous decisions relying on the APM were deemed inapplicable post-amendment. The majority decision endorsed the Referral Bench's view that excise duty should be discharged on the transaction value as per commercial invoices. en-us Thu, 10 Sep 2015 00:00:00 +0530 Tue, 15 Dec 2015 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268229 The Tribunal held that the appellant must discharge excise duty based on the transaction value collected from Oil Marketing Companies (OMCs) for LPG sold in bulk, post-1.7.2000. The Tribunal emphasized that the amended Section 4 of the Central Excise Act, 1944, requires excise duty to be based on the transaction value, irrespective of the Administered Price Mechanism. Previous decisions relying on the APM were deemed inapplicable post-amendment. The majority decision endorsed the Referral Bench's view that excise duty should be discharged on the transaction value as per commercial invoices. Case-Laws Central Excise Thu, 10 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268229