https://www.taxtmi.com/caselaws?id=378898 The Tribunal allowed the appeal in favor of the appellant, emphasizing the principal-to-principal basis of the transaction with M/s. Banami Enterprises. The Tribunal determined that M/s. Banami operated as a dealer and not a consignment agent, rejecting the Department's interpretation. Additionally, the Tribunal disagreed with the Department's application of Rule 7 of the Central Excise Valuation Rules, 2000, stating that the transaction required Excise Duty payment under Section 4(1a) of the Act. The impugned order was set aside, and the appeal was allowed, rejecting the valuation under Rule 7. en-us Tue, 15 Jan 2019 00:00:00 +0530 Fri, 21 Feb 2020 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378898 The Tribunal allowed the appeal in favor of the appellant, emphasizing the principal-to-principal basis of the transaction with M/s. Banami Enterprises. The Tribunal determined that M/s. Banami operated as a dealer and not a consignment agent, rejecting the Department's interpretation. Additionally, the Tribunal disagreed with the Department's application of Rule 7 of the Central Excise Valuation Rules, 2000, stating that the transaction required Excise Duty payment under Section 4(1a) of the Act. The impugned order was set aside, and the appeal was allowed, rejecting the valuation under Rule 7. Case-Laws Central Excise Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378898