https://www.taxtmi.com/caselaws?id=335327 The Tribunal resolved a dispute over the valuation of lens care solution bottles for excise duty purposes. It determined that the transaction value of the smaller packs represented the assessable value, as the price at which they were sold was the sole consideration, in line with Section 4(1)(a) of the Central Excise Act, 1944. The Tribunal emphasized that the consideration received by the appellant from the distributor was the relevant factor for valuation, ultimately allowing the appeal and granting relief to the appellant based on the prevailing legal interpretation. en-us Thu, 10 Nov 2016 00:00:00 +0530 Wed, 14 Dec 2016 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335327 The Tribunal resolved a dispute over the valuation of lens care solution bottles for excise duty purposes. It determined that the transaction value of the smaller packs represented the assessable value, as the price at which they were sold was the sole consideration, in line with Section 4(1)(a) of the Central Excise Act, 1944. The Tribunal emphasized that the consideration received by the appellant from the distributor was the relevant factor for valuation, ultimately allowing the appeal and granting relief to the appellant based on the prevailing legal interpretation. Case-Laws Central Excise Thu, 10 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335327