https://www.taxtmi.com/caselaws?id=333548 For clearances of petroleum products to company-owned, company-operated outlets before 14.05.2003, assessable value was required to be determined by reference to the price at the terminal point under the pre-amendment definition of "place of removal" in Section 4(4) of the Central Excise Act, 1944. COCO outlets were not treated as the place of removal for that period, so the later retail sale price charged by the outlets did not govern excise valuation. Duty was therefore payable on the ex-terminal price, and retail collections from buyers were not includible in assessable value. en-us Thu, 29 Sep 2016 00:00:00 +0530 Mon, 17 Oct 2016 18:33:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333548 For clearances of petroleum products to company-owned, company-operated outlets before 14.05.2003, assessable value was required to be determined by reference to the price at the terminal point under the pre-amendment definition of "place of removal" in Section 4(4) of the Central Excise Act, 1944. COCO outlets were not treated as the place of removal for that period, so the later retail sale price charged by the outlets did not govern excise valuation. Duty was therefore payable on the ex-terminal price, and retail collections from buyers were not includible in assessable value. Case-Laws Central Excise Thu, 29 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333548