https://www.taxtmi.com/caselaws?id=307520 The case involved the interpretation of a Circular by the Ministry of Finance regarding duty payments for petroleum products transferred through pipelines. The appellant, a Refinery, faced issues with duty calculations due to losses and gains during transmission. The Ministry's decision, influenced by an audit report, allowed for monthly netting of quantities to determine duty liability. The judgment directed adherence to the new calculation method, remanding the matter for reevaluation. The parties were instructed to reconcile net losses and gains, with each bearing their respective costs. The decision emphasized compliance with the Ministry's directive on duty payments based on net quantity received. en-us Mon, 16 Jul 2018 00:00:00 +0530 Wed, 19 Apr 2023 21:28:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307520 The case involved the interpretation of a Circular by the Ministry of Finance regarding duty payments for petroleum products transferred through pipelines. The appellant, a Refinery, faced issues with duty calculations due to losses and gains during transmission. The Ministry's decision, influenced by an audit report, allowed for monthly netting of quantities to determine duty liability. The judgment directed adherence to the new calculation method, remanding the matter for reevaluation. The parties were instructed to reconcile net losses and gains, with each bearing their respective costs. The decision emphasized compliance with the Ministry's directive on duty payments based on net quantity received. Case-Laws Central Excise Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307520