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1975 (8) TMI 45 - SC - Central ExciseIf 99 per cent of duty-paid crude' were used for manufacture of sheets etc., should the final product be exigible to tax at ₹ 500/- per MT? Held that:- By simple arithmetic worked out by the Collector of Central Excise and forwarded to the Central Government (Annexure E), the balance of stock of finished goods manufactured out of duty-paid slabs as on April 25, 1960 was 93.5099 MT. This quantity was actually cleared on payment of duty at the rate of ₹ 500/- per MT. But having been made out of duty-paid slabs the exemption notification applied and only ₹ 200/- per MT was payable. Thus the excess collected i.e. ₹ 300/- per MT was refundable. This is no surviving dispute on this matter.
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