2008 (11) TMI 526 - AT - Central Excise

Summary

The appeal was filed against a demand confirmed by the Commissioner due to the transaction value being higher than the value for duty payment. The appellant argued that LPG prices are determined by the Government under the Administrative Price Mechanism, and losses are compensated from the oil pool account. The Tribunal decided in favor of the appellant based on a similar case involving M/s. ONGC. The Commissioner's order was set aside, and the appeal was allowed with consequential relief.