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Central Excise - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Valuation - sale price charged to oil marketing companies - In ...


Oil Sale Prices Reviewed; No Collusion Found Between Buyer and Seller, Undervaluation Deemed Impossible.

February 9, 2017

Case Laws     Central Excise     AT

Valuation - sale price charged to oil marketing companies - In absence of any evidence to show that the buyer and seller were mutually interested to make gain at the cost of Revenue, undervaluation of clearances is inconceivable - AT

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