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1985 (4) TMI 67 - SUPREME COURT
Whether the mode of determination of "value" prescribed by Section 4 is not attracted while computing the "value" of the articles of footwear for the purposes of testing the availability of the exemption granted under the Notification dated July 24, 1967?
Held that:- Inasmuch as the value of the articles of footwear in question calculated in accordance with the provisions of Section 4 of the Act did not exceed ₹ 5 per pair, the articles in question were exempt from the charge to duty of excise under the Notification dated July 24, 1967. Appeal allowed.