https://www.taxtmi.com/caselaws?id=360732 The Tribunal ruled in favor of the assessee in a valuation dispute concerning cotton yarn clearance to Unit-I. It determined that Rule 4 should apply for the period up to 12.2.2003, while Rule 8 should apply thereafter. The Tribunal emphasized sequential application of rules and upheld the assessee's argument based on case laws that valuation should be based on sales to unrelated buyers. Duty liability after 13.2.2003 was set aside, leading to the allowance of the assessee's appeal and rejection of the Department's appeal, maintaining the decision on valuation and penalties. en-us Tue, 15 May 2018 00:00:00 +0530 Tue, 22 May 2018 08:42:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360732 The Tribunal ruled in favor of the assessee in a valuation dispute concerning cotton yarn clearance to Unit-I. It determined that Rule 4 should apply for the period up to 12.2.2003, while Rule 8 should apply thereafter. The Tribunal emphasized sequential application of rules and upheld the assessee's argument based on case laws that valuation should be based on sales to unrelated buyers. Duty liability after 13.2.2003 was set aside, leading to the allowance of the assessee's appeal and rejection of the Department's appeal, maintaining the decision on valuation and penalties. Case-Laws Central Excise Tue, 15 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360732