https://www.taxtmi.com/caselaws?id=283819 The Appellate Tribunal CESTAT Mumbai set aside the impugned order, allowing the appeal regarding the demand for the period before July 2000. The Tribunal determined that rule 7 of the Central Excise (Valuation) Rules, 1975, should apply for the valuation of goods used in turnkey projects, rather than rule 6, due to the absence of sales. The decision aligns with the principles established in the UTC judgment, emphasizing the nearest ascertainable equivalent value under the Valuation Rules and highlighting the significance of legal precedents in valuation disputes. en-us Wed, 02 Jan 2019 00:00:00 +0530 Thu, 14 Nov 2024 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283819 The Appellate Tribunal CESTAT Mumbai set aside the impugned order, allowing the appeal regarding the demand for the period before July 2000. The Tribunal determined that rule 7 of the Central Excise (Valuation) Rules, 1975, should apply for the valuation of goods used in turnkey projects, rather than rule 6, due to the absence of sales. The decision aligns with the principles established in the UTC judgment, emphasizing the nearest ascertainable equivalent value under the Valuation Rules and highlighting the significance of legal precedents in valuation disputes. Case-Laws Central Excise Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283819