https://www.taxtmi.com/caselaws?id=371569 The Appellate Tribunal CESTAT KOLKATA ruled in favor of the appellant in a dispute over the valuation of petroleum products for Central Excise duty payment based on Import Parity Price. The Tribunal held that Import Parity Price could be considered as transaction value under Section 4 of the Central Excise Act, rejecting the Revenue's argument of a price disparity. The Tribunal emphasized that Import Parity Price was the actual price at the time and place of import, dismissing the Revenue's appeal and allowing the appellant's appeal. en-us Wed, 28 Nov 2018 00:00:00 +0530 Thu, 06 Dec 2018 10:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371569 The Appellate Tribunal CESTAT KOLKATA ruled in favor of the appellant in a dispute over the valuation of petroleum products for Central Excise duty payment based on Import Parity Price. The Tribunal held that Import Parity Price could be considered as transaction value under Section 4 of the Central Excise Act, rejecting the Revenue's argument of a price disparity. The Tribunal emphasized that Import Parity Price was the actual price at the time and place of import, dismissing the Revenue's appeal and allowing the appellant's appeal. Case-Laws Central Excise Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371569