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2017 (1) TMI 367 - AT - Central ExciseValuation - stock transfer - goods valued at transaction value of similar goods sold to independent buyers - Revenue entertained a view that they should have followed provisions of Rule 8 of Valuation Rules, 2000 - Held that: - When there is an independent sales and transaction value is available there is no application of provisions of Rule 8 to arrive at the valuation during the material period. Extended period of limitation - Held that: - we find no ground to allege suppression, fraud, collusion etc. with an intention to evade payment of duty - extended period not invocable. Appeal allowed - decided in favor of appellant.
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