https://www.taxtmi.com/caselaws?id=107935 The Appellate Tribunal CESTAT ruled in favor of the appellant composite mill in a dispute over the valuation of yarn consumed for weaving fabric. The Tribunal disagreed with the authorities' inflation adjustments to the price of raw cotton for different yarn varieties, particularly noting the lack of justification for higher rates for coarser yarns. Consequently, the duty demand stemming from the incorrect valuation was annulled, and the appeal was successful. en-us Mon, 08 Sep 2003 00:00:00 +0530 Tue, 27 Mar 2012 17:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107935 The Appellate Tribunal CESTAT ruled in favor of the appellant composite mill in a dispute over the valuation of yarn consumed for weaving fabric. The Tribunal disagreed with the authorities' inflation adjustments to the price of raw cotton for different yarn varieties, particularly noting the lack of justification for higher rates for coarser yarns. Consequently, the duty demand stemming from the incorrect valuation was annulled, and the appeal was successful. Case-Laws Central Excise Mon, 08 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107935