https://www.taxtmi.com/caselaws?id=333548 The Tribunal ruled in favor of the appellant, M/s. HPCL, in a case concerning the valuation of petroleum products cleared from a warehouse to Company Owned Company Operated Outlets (COCOO). The Tribunal held that for the relevant period, the price charged by COCOO outlets to ultimate buyers could not be included in the transaction value for determining Central Excise duty. It was established that duty was payable on the ex-terminal price and not on the price charged by COCOO outlets to retail buyers. The Tribunal allowed the appeal, providing consequential benefits to the appellant. 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 The Tribunal ruled in favor of the appellant, M/s. HPCL, in a case concerning the valuation of petroleum products cleared from a warehouse to Company Owned Company Operated Outlets (COCOO). The Tribunal held that for the relevant period, the price charged by COCOO outlets to ultimate buyers could not be included in the transaction value for determining Central Excise duty. It was established that duty was payable on the ex-terminal price and not on the price charged by COCOO outlets to retail buyers. The Tribunal allowed the appeal, providing consequential benefits to the appellant. Case-Laws Central Excise Thu, 29 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333548