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2018 (11) TMI 216 - AT - Central ExciseValuation - goods cleared from the factory but sold through consignment agents - applicability of Rule 7 of the Central Excise Valuation (Determination of price of Excisable goods) Rules, 2000 - period August, 2004 to May, 2005 - Held that:- In terms of Rule, 7 ibid, we are of the view that there is no mandate for adopting the valuation as has been adopted by the Lower Authorities - Identical issue decided in the case of E. I. Du Pont India Pvt. Ltd. Vs. CCE, Chennai [2004 (10) TMI 481 - CESTAT, NEW DELHI], where it was held that Once the normal transaction value of the impugned goods sold from other place at or about the same time is ascertainable, there is no need to determine the assessable value on the basis of price at which the goods may be sold subsequent to the time of removal of goods - valuation issue need not be interfered. Penalty - Held that:- The penalties are upheld, but quantum reduced. Appeal allowed in part.
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