1999 (5) TMI 174 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai overturned the Collector's order demanding duty and imposing penalties on M/s. Jyoti Structures Ltd. and TISCO for the supply of transmission line towers. The Tribunal held that the assessable value should not be based on the price at which the goods were sold by TISCO, and the extended period of limitation was not applicable. The duty demand and penalties were set aside, and the appeals were allowed in favor of the appellants.