https://www.taxtmi.com/caselaws?id=347097 The Tribunal upheld the Order-in-Original in favor of the Respondent, emphasizing the distinction between related and unrelated buyers in the valuation of petroleum products for excise duty. It ruled that Central Excise Valuation Rules could not be invoked for sales to independent buyers, citing relevant case law and CBEC circulars. The decision clarified the application of Rule 9 and Rule 10, dismissing Revenue appeals and cross objections by the Respondent. The judgment highlighted the importance of considering the buyer's nature in determining the appropriate valuation rules for excise duty on petroleum products. en-us Tue, 13 Jun 2017 00:00:00 +0530 Tue, 29 Aug 2017 07:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347097 The Tribunal upheld the Order-in-Original in favor of the Respondent, emphasizing the distinction between related and unrelated buyers in the valuation of petroleum products for excise duty. It ruled that Central Excise Valuation Rules could not be invoked for sales to independent buyers, citing relevant case law and CBEC circulars. The decision clarified the application of Rule 9 and Rule 10, dismissing Revenue appeals and cross objections by the Respondent. The judgment highlighted the importance of considering the buyer's nature in determining the appropriate valuation rules for excise duty on petroleum products. Case-Laws Central Excise Tue, 13 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347097