https://www.taxtmi.com/caselaws?id=356394 The appeal was allowed by the Tribunal, setting aside the lower authorities' decision on the valuation of goods for excise duty payment. The Tribunal ruled in favor of the appellant, stating that the value of bought-out goods should not be included in the excise duty calculation. It was determined that certain charges like transportation and insurance could be excluded, while packing and loading charges should be included. The matter was remanded for re-quantification of the valuation components, directing the authority to decide afresh and determine the penalty accordingly. en-us Mon, 15 Jan 2018 00:00:00 +0530 Tue, 06 Mar 2018 07:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356394 The appeal was allowed by the Tribunal, setting aside the lower authorities' decision on the valuation of goods for excise duty payment. The Tribunal ruled in favor of the appellant, stating that the value of bought-out goods should not be included in the excise duty calculation. It was determined that certain charges like transportation and insurance could be excluded, while packing and loading charges should be included. The matter was remanded for re-quantification of the valuation components, directing the authority to decide afresh and determine the penalty accordingly. Case-Laws Central Excise Mon, 15 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356394