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2018 (2) TMI 1435 - AT - Central ExciseValuation - Appellant contested the show cause notice on the ground that the entire stock at the warehousing terminal at Ghatkesar Secunderabad was cleared from the terminal on payment of duty, while Revenue's case they should have discharged the duty liability i.e. 06.09.2004, on price prevailing on that day - Held that: - identical issue decided in respondent own case HINDUSTAN PETROLEUM CORPORATION LTD. Versus CCE., VISAKHAPATNAM [2010 (4) TMI 951 - CESTAT BANGALORE], where it was held that If the Revenue authorities of all over India are accepting the fact that the transaction value of the petroleum goods consequent to withdrawal of the warehousing facility has to be on the transaction value on the date of clearance, we do not find any reason for non-application of the said procedure in this case. Appeal dismissed - decided against Revenue.
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