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2017 (7) TMI 837 - AT - Central ExciseValuation - petroleum products - whether the petroleum products cleared from warehouse to company owned and company operated outlets are to be valued in terms of Section 4(1)(b) of the Central Excise Act, 1944 read with Rule 7 of the Central Excise Valuation Rules? - Held that: - this issue has been settled in favour of the appellant by various decisions of the Tribunal specifically, in the case of BPCL [2007 (8) TMI 137 - CESTAT, BANGALORE], where Appellant PSU unit had removed goods to their sales outlets under Administrative Pricing Mechanism but revenue rejected the same and demand raised by applying Section 4(4)(b)(iii) of CEA,1944 and Section 4(1)(b)ibid in two distinct period for valuation purpose, Valuation of appellant accepted and demand set aside - appeal allowed - decided in favor of appellant.
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