https://www.taxtmi.com/caselaws?id=381757 The Appellate Tribunal CESTAT ALLAHABAD set aside the demand of &8377; 87,474 against the appellant under Section 4 of the Central Excise Act, 1944, regarding the valuation of 'Cement' goods. The Tribunal ruled that since the goods were not sold, the valuation for excise duty should be based on Rule 8 of the Valuation Rules, not on prices for clearance to institutional buyers. This decision clarifies the application of valuation rules in cases where goods are not sold, emphasizing the need for accurate interpretation of statutory provisions in determining excise duty liabilities. en-us Thu, 25 Apr 2019 00:00:00 +0530 Wed, 19 Jun 2019 06:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381757 The Appellate Tribunal CESTAT ALLAHABAD set aside the demand of &8377; 87,474 against the appellant under Section 4 of the Central Excise Act, 1944, regarding the valuation of 'Cement' goods. The Tribunal ruled that since the goods were not sold, the valuation for excise duty should be based on Rule 8 of the Valuation Rules, not on prices for clearance to institutional buyers. This decision clarifies the application of valuation rules in cases where goods are not sold, emphasizing the need for accurate interpretation of statutory provisions in determining excise duty liabilities. Case-Laws Central Excise Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381757