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Supreme Court Analyzes Transaction Value Under the Central Excise Act: “Price Was Not the Sole Consideration for Sale Under MOU Between Oil Marketing Companies,” Quashes ₹119 Crore Demand and Penalty
Court’s Decision: The court made the following key rulings: BPCL’s Appeal Allowed: In Civil Appeal No. 5642 of 2009, the court set aside the excise duty demand and penalty imposed…
