https://www.taxtmi.com/caselaws?id=54652 The Appellate Tribunal CESTAT, New Delhi, dismissed the Revenue's appeal and allowed the assessee's appeals in a Central Excise Valuation dispute. The Tribunal held that the assessable value for Central Excise duty payment should be based on the sale price of the manufacturer to the first buyer, emphasizing that subsequent sale prices in the distribution chain should not influence excise assessment. The Tribunal found that the parties were unrelated limited companies, and the negotiated sale price between them constituted the assessable value. Consequently, the appellant/assessee's approach was deemed correct, leading to the dismissal of the Revenue's appeal and granting relief to the assessee. en-us Thu, 15 Sep 2005 00:00:00 +0530 Thu, 21 Oct 2010 13:00:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54652 The Appellate Tribunal CESTAT, New Delhi, dismissed the Revenue's appeal and allowed the assessee's appeals in a Central Excise Valuation dispute. The Tribunal held that the assessable value for Central Excise duty payment should be based on the sale price of the manufacturer to the first buyer, emphasizing that subsequent sale prices in the distribution chain should not influence excise assessment. The Tribunal found that the parties were unrelated limited companies, and the negotiated sale price between them constituted the assessable value. Consequently, the appellant/assessee's approach was deemed correct, leading to the dismissal of the Revenue's appeal and granting relief to the assessee. Case-Laws Central Excise Thu, 15 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54652