https://www.taxtmi.com/caselaws?id=271357 The Tribunal upheld the valuation of a 50 Ltrs package of Lubricating Oil under Section 4A of the Central Excise Act, 1944, due to retail sale to ultimate customers. The penalty imposed on the assessee was reduced as no suppression or misstatement was found, and it was a matter of interpretation. The Tribunal dismissed the Revenue's appeal for penalty enhancement, as the penalty was already reduced. The decision was based on statutory requirements and legal provisions, resulting in the assessee's appeals being partly allowed and the penalty reduced. en-us Tue, 05 Jan 2016 00:00:00 +0530 Thu, 20 Oct 2016 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271357 The Tribunal upheld the valuation of a 50 Ltrs package of Lubricating Oil under Section 4A of the Central Excise Act, 1944, due to retail sale to ultimate customers. The penalty imposed on the assessee was reduced as no suppression or misstatement was found, and it was a matter of interpretation. The Tribunal dismissed the Revenue's appeal for penalty enhancement, as the penalty was already reduced. The decision was based on statutory requirements and legal provisions, resulting in the assessee's appeals being partly allowed and the penalty reduced. Case-Laws Central Excise Tue, 05 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271357