https://www.taxtmi.com/caselaws?id=449096 The Tribunal allowed the appeals of the Appellant Assessee regarding the valuation of goods cleared to sister concerns and independent buyers from April 2006 to September 2012. It concluded that the issue was settled by the Larger Bench decision in Ispat Industries Ltd. vs. CCE, which preferred Rule 4 over Rule 8 of the Central Excise Valuation Rules 2000 for goods sold to independent buyers. This decision was supported by the Gujarat HC in a related case. Consequently, the Tribunal set aside the impugned orders, annulled penalties, and granted the Appellant any lawful consequential benefits. en-us Mon, 08 Jan 2024 00:00:00 +0530 Tue, 06 Feb 2024 08:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449096 The Tribunal allowed the appeals of the Appellant Assessee regarding the valuation of goods cleared to sister concerns and independent buyers from April 2006 to September 2012. It concluded that the issue was settled by the Larger Bench decision in Ispat Industries Ltd. vs. CCE, which preferred Rule 4 over Rule 8 of the Central Excise Valuation Rules 2000 for goods sold to independent buyers. This decision was supported by the Gujarat HC in a related case. Consequently, the Tribunal set aside the impugned orders, annulled penalties, and granted the Appellant any lawful consequential benefits. Case-Laws Central Excise Mon, 08 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449096