Excise Duty Paid Correctly on Motor Spirit and Diesel; No Under-Valuation u/s 4 of Central Excise Act.

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Full Text of the Document

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....Valuation - Motor Spirit - High Speed Diesel - the appellant has rightly paid the excise duty as per transaction value in terms of Section 4 of the Central Excise Act and there is no justification for allegation of under-valuation of the goods with a view to evade excise duty....