https://www.taxtmi.com/caselaws?id=314111 CESTAT Mumbai allowed the appeal in an excise duty case involving valuation of manufactured goods. The revenue demanded duty on the difference between transaction value and cost of production for car models sold below cost. The appellant argued certain models were being phased out, supported by cost auditor reports showing no sales in FY 2012-13 onwards and declining production. CESTAT found the Commissioner wrongly rejected this argument despite factual evidence of phase-out. Since no additional consideration was received beyond the charged price, the transaction value was accepted for duty determination. The demand order was set aside. en-us Tue, 18 Oct 2022 00:00:00 +0530 Sat, 18 May 2024 00:07:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314111 CESTAT Mumbai allowed the appeal in an excise duty case involving valuation of manufactured goods. The revenue demanded duty on the difference between transaction value and cost of production for car models sold below cost. The appellant argued certain models were being phased out, supported by cost auditor reports showing no sales in FY 2012-13 onwards and declining production. CESTAT found the Commissioner wrongly rejected this argument despite factual evidence of phase-out. Since no additional consideration was received beyond the charged price, the transaction value was accepted for duty determination. The demand order was set aside. Case-Laws Central Excise Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314111