2005 (6) TMI 132 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai rejected the appeal by the Revenue regarding valuation rules applied to an EOU clearing goods to a DTA unit. The Tribunal found no evidence or details of market enquiry in the show cause notice, and upheld the CCE(A) order rejecting the appeal. The Tribunal stated that market price in India is not relevant for valuation under the Central Excise Act, and rejected the differential demands made based on assessable values of comparable goods. Appeal was rejected.