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2018 (1) TMI 105 - AT - Central ExciseValuation - transaction value - Whether the duty of Central Excise is payable on the Refinery Gate Price i.e. RGP paid by the OMCs to the appellant or it is payable on the subsidised price at which the OMCs so sell the goods (SKO i.e. Superior Kerosene Oil) under PDS and LPG-Liquefied Petroleum Gas Domestic to their consumers? Held that: - identical issue decided in the case of Kochi Refineries Ltd. Versus Commissioner of Central Excise, Cochin [2017 (4) TMI 323 - CESTAT BANGALORE], where it was held that the price or cost paid/received to/by an assessee or manufacturer (from independent buyer) constitutes the assessable value / transaction value for the purpose of levy of Central Excise duty. Appeal dismissed - decided against appellant.
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