https://www.taxtmi.com/caselaws?id=446789 The CESTAT Ahmedabad held that an EOU's valuation method for bulk drugs cleared to related DTA parties was correct. The appellant valued goods based on lowest sale price to unrelated parties per Rule 4(3) of Customs Valuation Rules, while the department incorrectly applied Rule 8 without determining value under Rules 4-7. The tribunal found no suppression of facts by the appellant and noted revenue neutrality due to available Cenvat credit. Extended limitation period was not applicable as there was no intent to evade duty. The demand for differential excise duty was set aside and appeal was allowed. en-us Mon, 04 Dec 2023 00:00:00 +0530 Mon, 11 Dec 2023 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446789 The CESTAT Ahmedabad held that an EOU's valuation method for bulk drugs cleared to related DTA parties was correct. The appellant valued goods based on lowest sale price to unrelated parties per Rule 4(3) of Customs Valuation Rules, while the department incorrectly applied Rule 8 without determining value under Rules 4-7. The tribunal found no suppression of facts by the appellant and noted revenue neutrality due to available Cenvat credit. Extended limitation period was not applicable as there was no intent to evade duty. The demand for differential excise duty was set aside and appeal was allowed. Case-Laws Central Excise Mon, 04 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446789