CESTAT ruled on assessable value under Section 4 of Central Excise Act. Expenses not in cash but as benefits are not included.

CESTAT ruled on assessable value under Section 4 of Central Excise Act. Expenses not in cash but as benefits are not included. https://www.taxtmi.com/highlights?id=78233 The case involved the determination of assessable value u/s 4 of Central Excise Act and Rule 6 of Valuation Rules. The issue was the inclusion of non-cash benefits as additional consideration. CESTAT held that demand on "Trade Margin" was not sustainable, following a precedent. Another bench set aside adverse inferences, noting the sensitivity of the product and PSU status. The impugned order was found meritless and set aside, allowing the appeal. en-us Fri, 07 Jun 2024 08:12:27 +0530 Fri, 07 Jun 2024 08:12:27 +0530 TaxTMI RSS Generator CESTAT ruled on assessable value under Section 4 of Central Excise Act. Expenses not in cash but as benefits are not included. https://www.taxtmi.com/highlights?id=78233 The case involved the determination of assessable value u/s 4 of Central Excise Act and Rule 6 of Valuation Rules. The issue was the inclusion of non-cash benefits as additional consideration. CESTAT held that demand on "Trade Margin" was not sustainable, following a precedent. Another bench set aside adverse inferences, noting the sensitivity of the product and PSU status. The impugned order was found meritless and set aside, allowing the appeal. Highlights Central Excise Fri, 07 Jun 2024 08:12:27 +0530 https://www.taxtmi.com/highlights?id=78233