https://www.taxtmi.com/caselaws?id=344672 The Tribunal set aside the duty demand on the charge of under valuation against the appellant, a fertilizer manufacturer, for the period 01.04.2000 to 31.03.2003. The Revenue contended duty should be paid for clearances from depots at depot prices under Rule 7 of Central Excise Valuation Rules, but the Tribunal held that as the factory gate price was known and goods were sold to independent buyers from both factory gate and depots, Valuation Rules did not apply. Consequently, the demand for duty, interest, and penalty was deemed unsustainable, leading to the appeal being allowed in favor of the appellant. en-us Fri, 09 Jun 2017 00:00:00 +0530 Thu, 03 Aug 2017 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344672 The Tribunal set aside the duty demand on the charge of under valuation against the appellant, a fertilizer manufacturer, for the period 01.04.2000 to 31.03.2003. The Revenue contended duty should be paid for clearances from depots at depot prices under Rule 7 of Central Excise Valuation Rules, but the Tribunal held that as the factory gate price was known and goods were sold to independent buyers from both factory gate and depots, Valuation Rules did not apply. Consequently, the demand for duty, interest, and penalty was deemed unsustainable, leading to the appeal being allowed in favor of the appellant. Case-Laws Central Excise Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344672