2016 (4) TMI 287

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..... cost of the Horton Spheres was worked out as per the details agreed upon between the assessee and the Indian Oil Corporation. Therefore, it is clear that no excise duty had been collected and hence, no demand can be made. - Decided against the revenue - Civil Appeal No. (S). 3360-3361/2008 - - - Dated:- 1-4-2016 - A. K. Sikri And Rohinton Fali Nariman, JJ. For the Appellant : Mr. K. Radh .....

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..... cost of the Horton Spheres was worked out as per the details agreed upon between the assessee and the Indian Oil Corporation. The respondent herein has taken a specific stand, which is not disputed, that when the raw material was sent to the manufacturing unit, the aforesaid excise duty of ₹ 17,05,600/- per Sphere was in fact deposited with the Excise Department. It further becomes clear tha .....

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