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2016 (9) TMI 571 - HC - Central ExciseExtended period of limitation - Valuation - amount of sales tax concession retained by the assessee - assessable value - Held that: - during the relevant period there was CBEC Circular dated 30.06.2000 which provides that any amount of concession on sales tax retained by the respondent is not required to be added in the assessable value and there are certain judicial pronouncements of this Tribunal holding the same view in the case of Life Long India Pvt. Ltd. vs. CCE [2012 (3) TMI 349 - CESTAT NEW DELHI]. views as taken by the circular and Tribunal has been negated by the Apex Court - extended period of limitation not invokable - demand of duty and penalty set aside. Appeal dismissed - decided in favor of assessee.
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