https://www.taxtmi.com/caselaws?id=761412 Each e-auction sale under the Spot E-Auction Scheme 2007 was treated as an independent and complete transaction, so demands raised through debit notes could not be recovered by adjustment against amounts due in other transactions. Where the buyer disputed the debit-note demands, Clause 11.12 required the controversy to be resolved by arbitration under the scheme. The judgment also noted that the petitioners did not challenge the inclusion of stowing excise duty and royalty in the transaction value. Recovery was therefore confined to the contractual dispute mechanism, and cross-adjustment of unrelated transactions was not permitted. en-us Tue, 05 Nov 2024 00:00:00 +0530 Mon, 11 Nov 2024 08:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761412 Each e-auction sale under the Spot E-Auction Scheme 2007 was treated as an independent and complete transaction, so demands raised through debit notes could not be recovered by adjustment against amounts due in other transactions. Where the buyer disputed the debit-note demands, Clause 11.12 required the controversy to be resolved by arbitration under the scheme. The judgment also noted that the petitioners did not challenge the inclusion of stowing excise duty and royalty in the transaction value. Recovery was therefore confined to the contractual dispute mechanism, and cross-adjustment of unrelated transactions was not permitted. Case-Laws Central Excise Tue, 05 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761412