https://www.taxtmi.com/caselaws?id=345725 Petroleum products cleared from a warehouse to company owned and company operated outlets were held not to be valued at the retail price charged at the outlet. Valuation had to follow the transaction value at the point of removal, because the COCO outlet was not the place of removal for these clearances. The Tribunal relied on settled precedent, including Supreme Court affirmation and the assessee's earlier case on the same issue, to conclude that the retail outlet price could not be substituted for assessable value merely because the goods were later sold there. The demand was therefore not sustainable, and the appeals were allowed. en-us Thu, 04 May 2017 00:00:00 +0530 Tue, 25 Jul 2017 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345725 Petroleum products cleared from a warehouse to company owned and company operated outlets were held not to be valued at the retail price charged at the outlet. Valuation had to follow the transaction value at the point of removal, because the COCO outlet was not the place of removal for these clearances. The Tribunal relied on settled precedent, including Supreme Court affirmation and the assessee's earlier case on the same issue, to conclude that the retail outlet price could not be substituted for assessable value merely because the goods were later sold there. The demand was therefore not sustainable, and the appeals were allowed. Case-Laws Central Excise Thu, 04 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345725