2014 (2) TMI 968 - AT - Central Excise

Valuation - Deduction of breakage allowance from assessable value in terms of sales policy - Held that - Any allowance in speculation is not permissible in law. Therefore, ld. Authority below have rightly pointed out that an imaginary deduction was claimed by the appellant. Such observation of the appellate authority does not require intervention - Decided in favour of assessee.

Summary

The Appellate Tribunal CESTAT NEW DELHI upheld the decision denying breakage allowance deduction from assessable value, stating that an imaginary deduction was claimed by the appellant. Appeal dismissed. (2014 (2) TMI 968 - CESTAT NEW DELHI)