This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Price of petroleum products agreed under MoU by Oil Marketing Companies is not transaction value
Case Law Details
- Case Name
- Bharat Petroleum Corporation Ltd. Vs Commissioner of Central Excise Nashik Commissionerate (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Bharat Petroleum Corporation Ltd. Vs Commissioner of Central Excise Nashik Commissionerate (Supreme Court of India)
Supreme Court held that the agreement between the oil marketing companies indicates that the price of petroleum products agreed under MoU is not a normal price and, therefore, is not a transaction value. Appeal allowed on the ground of extended period.
Facts- On 30th June 2000, the Central Board of Excise & Customs, Ministry of Finance, Department of Revenue, Government of India, issued a circular clarifying the meaning of the expression ‘transaction value’ as defined und...
Author Info
