https://www.taxtmi.com/caselaws?id=330743 The High Court dismissed the appeal, ruling that the dispute regarding the Central Excise Duty paid on petroleum products at a notional temperature did not constitute under-valuation. The Court emphasized adherence to the transaction value principle under Section 4 of the Central Excise Act for calculating excise duty, concluding that the appellant had correctly paid duty based on declared prices without evidence of related party transactions. The Court found the appeal inadmissible as it pertained to goods' valuation rather than excise duty calculation, offering the appellant the option to appeal to the Supreme Court if desired. en-us Thu, 21 Jul 2016 00:00:00 +0530 Tue, 15 Nov 2016 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330743 The High Court dismissed the appeal, ruling that the dispute regarding the Central Excise Duty paid on petroleum products at a notional temperature did not constitute under-valuation. The Court emphasized adherence to the transaction value principle under Section 4 of the Central Excise Act for calculating excise duty, concluding that the appellant had correctly paid duty based on declared prices without evidence of related party transactions. The Court found the appeal inadmissible as it pertained to goods' valuation rather than excise duty calculation, offering the appellant the option to appeal to the Supreme Court if desired. Case-Laws Central Excise Thu, 21 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330743