https://www.taxtmi.com/caselaws?id=33774 A demand for duty, education cess, interest and penalty based on alleged post-sale storage, handling, distribution and marketing was held unsustainable where the notice did not specifically identify or quantify the expenditure under each head and no supporting evidence was produced. The tribunal noted that the transactions were on a principal-to-principal basis, so buyers' own post-sale expenses could not be attributed to the assessee or included in assessable value on conjecture. It also rejected the assumption that the gap between sale price and MRP represented recoverable value, since MRP may reflect margins, taxes and freight. en-us Wed, 13 Aug 2008 00:00:00 +0530 Tue, 16 Jun 2009 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33774 A demand for duty, education cess, interest and penalty based on alleged post-sale storage, handling, distribution and marketing was held unsustainable where the notice did not specifically identify or quantify the expenditure under each head and no supporting evidence was produced. The tribunal noted that the transactions were on a principal-to-principal basis, so buyers' own post-sale expenses could not be attributed to the assessee or included in assessable value on conjecture. It also rejected the assumption that the gap between sale price and MRP represented recoverable value, since MRP may reflect margins, taxes and freight. Case-Laws Central Excise Wed, 13 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33774