https://www.taxtmi.com/caselaws?id=33800 The Tribunal remanded the case to the Commissioner to reassess the assessable value based on Rule 7 of the Customs Valuation Rules, allowing permissible deductions. Penalties imposed on the PC and SC were set aside, with the issue of penalties kept open pending reassessment. The Tribunal also set aside related Orders-in-Appeal for de novo decision. Proper valuation methods and procedural requirements in determining excise duty liabilities were emphasized. en-us Tue, 11 Nov 2008 00:00:00 +0530 Sat, 13 Jun 2009 07:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33800 The Tribunal remanded the case to the Commissioner to reassess the assessable value based on Rule 7 of the Customs Valuation Rules, allowing permissible deductions. Penalties imposed on the PC and SC were set aside, with the issue of penalties kept open pending reassessment. The Tribunal also set aside related Orders-in-Appeal for de novo decision. Proper valuation methods and procedural requirements in determining excise duty liabilities were emphasized. Case-Laws Customs Tue, 11 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33800