2001 (6) TMI 247 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the appellant, who was engaged in the manufacture of molasses. The tribunal set aside the demand for recovery of duty and penalty imposed by the Department, as the sale was to an independent buyer and the price of the goods was the sole consideration. The tribunal found that the application of Rule 7 of the Valuation Rules was not justified in this case. The appeal was allowed on merits, and the impugned order was set aside.