https://www.taxtmi.com/caselaws?id=52533 The Tribunal allowed the appeal, setting aside the differential duty demand imposed by the Commissioner on M/s. Steel Complex Ltd., a Government of Kerala Undertaking. The Tribunal found the valuation at 115% of the cost of production unreasonable and inconsistent with Section 4(1) of the Central Excise Act and the Valuation Rules. Consequently, the appellants were granted relief, emphasizing the importance of valuing goods as if sold in ordinary trade, based on transaction value rather than an inflated cost of production. The decision underscored the need for fair valuation practices in line with commercial realities. en-us Wed, 17 Sep 2003 00:00:00 +0530 Mon, 08 Jul 2024 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52533 The Tribunal allowed the appeal, setting aside the differential duty demand imposed by the Commissioner on M/s. Steel Complex Ltd., a Government of Kerala Undertaking. The Tribunal found the valuation at 115% of the cost of production unreasonable and inconsistent with Section 4(1) of the Central Excise Act and the Valuation Rules. Consequently, the appellants were granted relief, emphasizing the importance of valuing goods as if sold in ordinary trade, based on transaction value rather than an inflated cost of production. The decision underscored the need for fair valuation practices in line with commercial realities. Case-Laws Central Excise Wed, 17 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52533