https://www.taxtmi.com/highlights?id=80134 Valuation - third party inspection charges cannot be included in transaction value - Supreme Court held cost of transportation from place of removal to delivery excluded from price - expression "by reason of sale, or in connection with sale" in definition of transaction value does not negate charging section - demand for duty on third party inspection charges set aside. Demand based solely on statement of Director without corroborative evidence unsustainable - Continental Cement case followed - demand set aside. Penalty on Director unjustified, set aside. Appeals allowed. en-us Tue, 06 Aug 2024 07:49:33 +0530 Tue, 06 Aug 2024 07:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80134 Valuation - third party inspection charges cannot be included in transaction value - Supreme Court held cost of transportation from place of removal to delivery excluded from price - expression "by reason of sale, or in connection with sale" in definition of transaction value does not negate charging section - demand for duty on third party inspection charges set aside. Demand based solely on statement of Director without corroborative evidence unsustainable - Continental Cement case followed - demand set aside. Penalty on Director unjustified, set aside. Appeals allowed. Highlights Central Excise Tue, 06 Aug 2024 07:49:33 +0530 https://www.taxtmi.com/highlights?id=80134