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2017 (4) TMI 1208 - CESTAT CHENNAIValuation - assessable value of the goods cleared from the consignment agent's premises - Revenue's stand is that assessable value of the goods cleared from consignment's agent’s premises is to be determined in accordance with Rule 7 without any variation to the mandate of the Rule - Held that: - the value of clearances of the material period shall be determined as per law prescribed by Rule 2 (b) of the Central Excise (Determination of Price of Excisable Goods) Rules, 2000 read with Rule 7 thereof - Where on the respective date sale price is not available for the purpose of ascertainment, the value of goods in time nearest i.e., immediate past, to the time of removal of the goods shall be considered for the purpose of Rule 7 - the appeal is remanded to the learned adjudicating authority for redoing the adjudication at the earliest issuing notice to the appellant - appeal allowed by way of remand.
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