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2013 (2) TMI 439 - AT - Central ExciseValuation – Transaction value - Place of removal - Section 4(4) of the Central Excise Act - Valuation of the petroleum products cleared from terminal points to company owned and company operated outlets - Oil companies were receiving Petroleum products from various refineries located at different places in India - under bond without payment of duty - at their "terminal points" and storing at the Terminal Points without payment of duty - They were clearing the products on payment of duty from the said place Held that:- Following the decision in case of BPCL, IOCL and HPCL (2012 (12) TMI 471 - CESTAT, BANGALORE) that assessee were clearing the products on payment of duty from the said place. During that period, there is no basis to consider the COCO outlets as the "place of removal prior to 14.05.2003. In favour of assessee
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