CESTAT grants waiver of pre-deposit for duty and penalty in yarn assessable value dispute The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of duty and penalty to the Applicants amounting to Rs. 56,81,129/- each. The demand ...
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
CESTAT grants waiver of pre-deposit for duty and penalty in yarn assessable value dispute
The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of duty and penalty to the Applicants amounting to Rs. 56,81,129/- each. The demand was contested due to inclusion of selling and distribution expenses in the assessable value of yarn, which was captively consumed in fabric manufacturing. The Tribunal cited a previous decision where such expenses were not considered in assessable value. The waiver was approved for appeal hearing, scheduled for 21-9-2004.
The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of duty and penalty to the Applicants amounting to Rs. 56,81,129/- each. The demand was contested due to inclusion of selling and distribution expenses in the assessable value of yarn, which was captively consumed in fabric manufacturing. The Tribunal cited a previous decision where such expenses were not considered in assessable value. The waiver was approved for appeal hearing, scheduled for 21-9-2004.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
