https://www.taxtmi.com/caselaws?id=110336 The Tribunal granted the stay applications for waiver of pre-deposit of duty and penalty, citing conflicting views on the interpretation of Circular regarding assessable value under Section 4(1)(a) of the Central Excise Act. The Tribunal considered the Supreme Court's ruling that Circulars are binding on authorities and noted discrepancies in interpretations by different Benches. Acknowledging the need for clarity and consistency, the Tribunal ruled in favor of the applicants, granting the stay applications unconditionally. en-us Wed, 08 Oct 2003 00:00:00 +0530 Mon, 16 Apr 2012 13:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110336 The Tribunal granted the stay applications for waiver of pre-deposit of duty and penalty, citing conflicting views on the interpretation of Circular regarding assessable value under Section 4(1)(a) of the Central Excise Act. The Tribunal considered the Supreme Court's ruling that Circulars are binding on authorities and noted discrepancies in interpretations by different Benches. Acknowledging the need for clarity and consistency, the Tribunal ruled in favor of the applicants, granting the stay applications unconditionally. Case-Laws Central Excise Wed, 08 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110336