https://www.taxtmi.com/caselaws?id=427324 For refund of duty on returned excisable goods, the relevant value under Section 173L is the market value of the returned goods at the time of return, not their value as reusable raw material. The explanation to the provision treats "value" as market value of the excisable goods, and the assessee's failure to produce cogent evidence for each consignment reinforced rejection of the claim. A natural justice challenge based on alleged non-supply of the market survey report also failed because the assessee had participated in the proceedings, did not seek the report or cross-examination before the adjudicating authority, and raised the point too late. The refund denial was upheld. en-us Mon, 05 Sep 2022 00:00:00 +0530 Mon, 06 Feb 2023 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427324 For refund of duty on returned excisable goods, the relevant value under Section 173L is the market value of the returned goods at the time of return, not their value as reusable raw material. The explanation to the provision treats "value" as market value of the excisable goods, and the assessee's failure to produce cogent evidence for each consignment reinforced rejection of the claim. A natural justice challenge based on alleged non-supply of the market survey report also failed because the assessee had participated in the proceedings, did not seek the report or cross-examination before the adjudicating authority, and raised the point too late. The refund denial was upheld. Case-Laws Central Excise Mon, 05 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427324