https://www.taxtmi.com/caselaws?id=370626 The Tribunal ruled in favor of the appellants, setting aside the orders confirming duty liability on finished goods cleared through a Depot. The Tribunal found that Rule 7 of Valuation Rules 2000 was wrongly invoked by the Department, as the majority of goods were sold from the factory itself, making Rule 7 inapplicable. The Tribunal emphasized the importance of transaction value in determining assessable value and concluded that the Department's interpretation was incorrect. The appeals were allowed, providing the appellants with consequential benefits. en-us Thu, 15 Nov 2018 00:00:00 +0530 Wed, 21 Nov 2018 21:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370626 The Tribunal ruled in favor of the appellants, setting aside the orders confirming duty liability on finished goods cleared through a Depot. The Tribunal found that Rule 7 of Valuation Rules 2000 was wrongly invoked by the Department, as the majority of goods were sold from the factory itself, making Rule 7 inapplicable. The Tribunal emphasized the importance of transaction value in determining assessable value and concluded that the Department's interpretation was incorrect. The appeals were allowed, providing the appellants with consequential benefits. Case-Laws Central Excise Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370626