https://www.taxtmi.com/caselaws?id=369873 The Tribunal allowed the appeals against an Order-in-Appeal concerning the valuation of goods cleared from the factory but sold through consignment agents. The appellant's valuation method under Rule 7 of the Central Excise Valuation Rules was upheld, rejecting the Revenue's demand based on the price at which goods were sold from the consignment agent's premises. The Tribunal emphasized the normal transaction value principle and set aside the valuation demand and penalties imposed, while revising the penalties downwards under Section 11AC for the appellant and its Director. en-us Wed, 10 Oct 2018 00:00:00 +0530 Mon, 05 Nov 2018 11:26:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369873 The Tribunal allowed the appeals against an Order-in-Appeal concerning the valuation of goods cleared from the factory but sold through consignment agents. The appellant's valuation method under Rule 7 of the Central Excise Valuation Rules was upheld, rejecting the Revenue's demand based on the price at which goods were sold from the consignment agent's premises. The Tribunal emphasized the normal transaction value principle and set aside the valuation demand and penalties imposed, while revising the penalties downwards under Section 11AC for the appellant and its Director. Case-Laws Central Excise Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369873