1997 (10) TMI 154 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal of job workers against demand of duty and penalty for not declaring correct assessable value of goods manufactured from raw materials supplied by Buckau Wolf due to price escalation clause between Buckau Wolf and SAIL. Tribunal found appellants not liable for extended period demand as they relied on price data provided by Buckau Wolf and were unaware of arrangement between Buckau Wolf and SAIL. Duty demand and penalty were set aside. (Case citation: 1997 (10) TMI 154 - CEGAT, Mumbai)