https://www.taxtmi.com/caselaws?id=365800 The Tribunal upheld the Commissioner's decision in a Central Excise Duty case regarding the valuation of transformers under a turnkey contract. The dispute centered on whether Rule 8 applied for captive consumption and the correct valuation method. The Commissioner determined the contract involved transfer for consideration, not a sale, and the entire invoiced amount did not solely relate to the transformers. The Tribunal affirmed that the appellant correctly treated the transformers as captively consumed, dismissing the Revenue's appeal for differential duty demand based on the contract terms and audit evidence. en-us Wed, 25 Jul 2018 00:00:00 +0530 Fri, 24 Aug 2018 02:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365800 The Tribunal upheld the Commissioner's decision in a Central Excise Duty case regarding the valuation of transformers under a turnkey contract. The dispute centered on whether Rule 8 applied for captive consumption and the correct valuation method. The Commissioner determined the contract involved transfer for consideration, not a sale, and the entire invoiced amount did not solely relate to the transformers. The Tribunal affirmed that the appellant correctly treated the transformers as captively consumed, dismissing the Revenue's appeal for differential duty demand based on the contract terms and audit evidence. Case-Laws Central Excise Wed, 25 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365800