https://www.taxtmi.com/caselaws?id=753635 CESTAT Allahabad allowed the appeal regarding assessable value determination under Section 4 of Central Excise Act and Rule 6 of Central Excise Valuation Rules, 2000. The tribunal followed precedents from Ahmadabad and Hyderabad benches, holding that demand on trade margin was not sustainable and required to be set aside. The court found no adverse inferences could be drawn regarding commission versus profit-margin terminology, particularly as the appellant was a PSU dealing with CNG, a sensitive product affecting common citizens. The impugned order was set aside with no merits found. en-us Wed, 05 Jun 2024 00:00:00 +0530 Thu, 06 Jun 2024 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753635 CESTAT Allahabad allowed the appeal regarding assessable value determination under Section 4 of Central Excise Act and Rule 6 of Central Excise Valuation Rules, 2000. The tribunal followed precedents from Ahmadabad and Hyderabad benches, holding that demand on trade margin was not sustainable and required to be set aside. The court found no adverse inferences could be drawn regarding commission versus profit-margin terminology, particularly as the appellant was a PSU dealing with CNG, a sensitive product affecting common citizens. The impugned order was set aside with no merits found. Case-Laws Central Excise Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753635