https://www.taxtmi.com/caselaws?id=368851 The Tribunal upheld the appellant's valuation of manufactured car carriers for Central Excise duty payment under Rule 8 of the Central Excise Valuation Rules, dismissing Revenue's contentions. The application of the Cost Accountant's certificate and Rule 8 provisions was deemed legally sound, rejecting the Revenue's use of cost inflation index. The rejection of the assessable value by Revenue based on cost inflation index was deemed unfounded, and the demand for duty was found barred by limitation, resulting in the appeal being allowed in favor of the appellant. en-us Wed, 25 Jul 2018 00:00:00 +0530 Fri, 21 Feb 2020 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368851 The Tribunal upheld the appellant's valuation of manufactured car carriers for Central Excise duty payment under Rule 8 of the Central Excise Valuation Rules, dismissing Revenue's contentions. The application of the Cost Accountant's certificate and Rule 8 provisions was deemed legally sound, rejecting the Revenue's use of cost inflation index. The rejection of the assessable value by Revenue based on cost inflation index was deemed unfounded, and the demand for duty was found barred by limitation, resulting in the appeal being allowed in favor of the appellant. Case-Laws Central Excise Wed, 25 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368851