Valuation of SKO(PDS), LPG and other goods under Transaction Value System from 01.07.2000.

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..... in the case of MRPL regarding valuation of SKO (PDS) and LPG (domestic) for the period 01.07.2000 onward. The Hon'ble Supreme Court in this case has dismissed the department's civil appeal observing that the issue involved was covered by CBEC Circular No. 563/59/2000-CX. dated 21.12.2000. 2. The issue was discussed by the Board. The Board has decided that department should contest the said decisi .....

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..... rcular was issued in the context of a specific issue where the Supreme Court has asked the Ministry of Finance and Ministry of Petroleum to sort out the issue. The said circular was not binding for any other case. It is, therefore, requested that the field formation should transfer the cases to call book where notices are pending for adjudication and should file the appeal wherever the cases had b .....

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..... some other disputes relating to valuation under present Section 4 and if the decision/order/instruction given in context of old Section 4 is being cited and it is felt that the said decision/order etc. is not applicable to the present Section 4, in that case also the decision in the case of Grasim Industries may be kept in mind for the action as mentioned above in the case of SKO/LPG. F.No.6/1/2 .....

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