Market Value of Ethylene should be considered for determining Cost of Sales of Domestic Industry on Import of ‘Mono Ethylene Glycol’: CESTAT [Read Order]

Market Value - Ethylene - Considered - Determining Cost of Sales - Domestic Industry - Import -Mono Ethylene Glycol-CESTAT-TAXSCAN

The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that while determining the cost sales of domestic industry on import of ‘Mono Ethylene Glycol’ the market value of ethylene should be considered.  Reliance Industries Limited, the appellant assessee was a domestic producer of ‘Mono Ethylene Glycol’ (MEG) in India,…

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