Loss in transit is not Includible for Computation of ‘assessable value’ under rule 3 of CENVAT credit rules: CESTAT [Read Order]
CESTAT held that the liability confirmed by original authority, and upheld in the impugned order, is without authority of law.’
By Amal Michael - On January 13, 2024 5:05 pm - 2 mins read
The Mumbai bench of CESTAT set aside the order passed against the appeal and allowed the appeal filed by the petitioner. The issue in this appeal by the assessee is the stand of the central excise authorities that, notwithstanding the duty liability having been discharged to full extend on procurement of inputs, viz., ‘base oil’…
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