https://www.taxtmi.com/caselaws?id=341353 The Tribunal rejected the appellant's appeal, upholding the Commissioner's order to pay duty on the price received from Oil Marketing Companies (OMCs). The decision emphasized that duty should be charged on the transaction value as per Section 4(1) of the Central Excise Act, considering the actual price paid by independent buyers as the assessable value for Central Excise duty. The Tribunal dismissed the appellant's argument for using the subsidized price, stating it does not meet the criteria of transaction value. The inclusion of terminal charges in the transaction value was deemed unnecessary as the payment by OMCs already covered these charges. en-us Thu, 06 Oct 2016 00:00:00 +0530 Fri, 07 Apr 2017 08:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341353 The Tribunal rejected the appellant's appeal, upholding the Commissioner's order to pay duty on the price received from Oil Marketing Companies (OMCs). The decision emphasized that duty should be charged on the transaction value as per Section 4(1) of the Central Excise Act, considering the actual price paid by independent buyers as the assessable value for Central Excise duty. The Tribunal dismissed the appellant's argument for using the subsidized price, stating it does not meet the criteria of transaction value. The inclusion of terminal charges in the transaction value was deemed unnecessary as the payment by OMCs already covered these charges. Case-Laws Central Excise Thu, 06 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341353