2015 (3) TMI 247 - AT - Central Excise

Determination of value to be adopted for payment of duty on petroleum products sold through COCO (Company Operated and Company Owned) - Revenue has taken a view that provisions of Rule 7 of Central Excise (Valuation) Rules 2000 would be attracted - Held that - Following decision of CCE Visakhapatnam vs. BPCL 2012 (12) TMI 471 - CESTAT Bangalore and BPCL vs. CCE Chennai 2009 (9) TMI 845 - CESTAT CHENNAI - Decided in favour of assesse.

Summary

The judgment concerns the valuation of petroleum products sold through COCO outlets. The Tribunal ruled in favor of the appellant, citing precedent decisions applicable to the case. The appeal was allowed with consequential relief granted to the appellant.