2004 (6) TMI 496 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of duty and penalty to the Applicants amounting to Rs. 56,81,129/- each. The demand was contested due to inclusion of selling and distribution expenses in the assessable value of yarn, which was captively consumed in fabric manufacturing. The Tribunal cited a previous decision where such expenses were not considered in assessable value. The waiver was approved for appeal hearing, scheduled for 21-9-2004.