https://www.taxtmi.com/caselaws?id=345155 The Tribunal upheld the lower authorities' decision on the calculation of duty on the consumption of furnace oil and diesel oil, dismissing the appellant's challenge to the application of the FIFO method. The Tribunal also affirmed the valuation of bunkers consumed as per Customs Act, sustaining the assessment, interest, and penalty imposed. Additionally, the Tribunal recognized the adjudication officer's entitlement in provisional assessment cases and rejected the appellant's argument on interest calculation under Section 47(2) of the Customs Act, ultimately upholding the impugned order without interference. en-us Wed, 14 Jun 2017 00:00:00 +0530 Wed, 19 Jul 2017 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345155 The Tribunal upheld the lower authorities' decision on the calculation of duty on the consumption of furnace oil and diesel oil, dismissing the appellant's challenge to the application of the FIFO method. The Tribunal also affirmed the valuation of bunkers consumed as per Customs Act, sustaining the assessment, interest, and penalty imposed. Additionally, the Tribunal recognized the adjudication officer's entitlement in provisional assessment cases and rejected the appellant's argument on interest calculation under Section 47(2) of the Customs Act, ultimately upholding the impugned order without interference. Case-Laws Customs Wed, 14 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345155