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2016 (10) TMI 1065 - CESTAT BANGALOREValuation - whether the petroleum products cleared from warehouse to COCOO are to be valued in terms of Section 4(1)(b) of the Central Excise Act, 1944 read with Rule 7 of the Central Excise Valuation Rules? - Held that: - matter is squarely covered by the CESTAT, Bangalores decision in the case of CCE, Viskahapatnam vs. BPCL [2012 (12) TMI 471 - CESTAT, Bangalore], where it was held that it is immaterial as to whether the transaction value was based on APM or self-determined by OCM. Since in respect of transfers to COCO outlets, the price applicable to dealers at the "place of removal" (that is terminal points) has been adopted, the same is legal and proper - appeal disposed off.
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