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HomeIndirect TaxesDepot Price Lists Can’t Be Basis for Valuation: CESTAT Quashes Rs. 18-Crore...

Depot Price Lists Can’t Be Basis for Valuation: CESTAT Quashes Rs. 18-Crore Excise Demand 

Indirect Taxes

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By Mariya Paliwala
Depot Price Lists Can’t Be Basis for Valuation: CESTAT Quashes Rs. 18-Crore Excise Demand

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The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Delhi, has quashed a major excise duty demand raised on the company along with penalties on two former senior executives.  The bench of Justice Dilip Gupta (President) and P.V. Subba Rao (Technical Member) has observed that the valuation adopted by the Department—based on depot price lists—had…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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