2009 (9) TMI 845

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..... ises from where the excisable goods are to be sold, the value shall be the normal transaction value of such “goods sold from such other place” - In the present case, Motor Spirit and HSD oil are also sold to customers at the time and place of removal. In these circumstances, provisions of Rule 7 are not attracted - In the present case, the assessees determined the value as per Rule 4 of the Valuat .....

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..... interest, and a penalty of amount equal to duty under Section 11AC of the Act and a penalty of Rs. 50,000/- under Rule 173Q of the 1944 Rules and 25 of the 2002 Rules have been imposed. 2. We have heard both sides. Rule 7 provides that where the goods are not sold at the time and place of removal but are transferred to a depot, premises of a consignment agent or any other place or premises from .....

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