https://www.taxtmi.com/caselaws?id=756177 CESTAT Kolkata held that appellant correctly followed Rule 7 of Central Excise Valuation Rules, 2000 for clearances through depot and consignment agents during 2006-07 to 2010-11. Once duty was paid at factory gate based on depot/agent prices at time of removal, no differential duty was required on subsequent higher-priced sales to independent buyers. Appellant liable only for differential duty of Rs.23,052 with interest. No penalty imposed as no suppression of facts with intent to evade tax was established. Appeal disposed. en-us Wed, 24 Jul 2024 00:00:00 +0530 Tue, 30 Jul 2024 08:08:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756177 CESTAT Kolkata held that appellant correctly followed Rule 7 of Central Excise Valuation Rules, 2000 for clearances through depot and consignment agents during 2006-07 to 2010-11. Once duty was paid at factory gate based on depot/agent prices at time of removal, no differential duty was required on subsequent higher-priced sales to independent buyers. Appellant liable only for differential duty of Rs.23,052 with interest. No penalty imposed as no suppression of facts with intent to evade tax was established. Appeal disposed. Case-Laws Central Excise Wed, 24 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756177