Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2010 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (7) TMI 496 - CESTAT, MUMBAIWaiver of pre-deposit - valuation - sales tax collected and retained by the assessee - Held that: - retention of amount of Rs. 7,99,70,453/- was not on account of deduction from the Sales Tax but on account of loss, which would be suffered by the appellants on account of pre-matured re-payment of the loan amount of sales tax, which was converted into a loan amount in terms of the scheme issued by the State Government. The same being not on account of deduction from the Sales Tax, as such, the question of refusal of deduction of amount of Rs. 7,79,70, 453/- do not appear to be in consonance with the concept of transactional value within the meaning of said expression under the said Act. - a prima facie case has been made out for waiver of amount demanded - full waiver granted.
|