Valuation of MS and HSD sold amongst OMCs - MOU - Withdrawal of instructions dated 14-2-2007- regarding

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.... formations is invited to the Board's instructions issued from F. No. 6/21/2003-CX.I (Pt) on 14-2-2007, a copy of which is available on the departmental web-site cbec.gov.in. The issue discussed in the said instructions is regarding valuation of petroleum products sold by one oil company to other oil company based on import parity price as per MOU entered between them. 2. In the aforesaid instr....

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....eportedly filed an appeal against this order of CESTAT before the Supreme Court after obtaining COD clearance. 4. In view of the aforesaid developments, it has been decided to withdraw the Board's instructions dated 14-2-2007. However, as the appeal of BPCL is pending before the Supreme Court, field formations are directed to consign all the pending show cause notices on the issue to the call b....