https://www.taxtmi.com/caselaws?id=167545 The Tribunal upheld the lower authorities' orders and rejected the appeals for the period from 1-10-1975 onwards, emphasizing the consideration of the effective duty of excise for valuation. For the period before 1-10-1975, the Tribunal aligned with the Bombay High Court's stance in Tata Oil Mills, supporting the Central Excise authorities' position. The Tribunal determined that the "duty of excise leviable thereon" should reflect the duty post-exemption notification for both periods. Despite a dissenting opinion, the majority upheld this approach, denying the appeals and emphasizing the exclusion of refunded duty from assessable value and the need for specific statutory provisions for reopening assessments. en-us Fri, 30 Nov 1984 00:00:00 +0530 Wed, 24 Dec 2014 10:15:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167545 The Tribunal upheld the lower authorities' orders and rejected the appeals for the period from 1-10-1975 onwards, emphasizing the consideration of the effective duty of excise for valuation. For the period before 1-10-1975, the Tribunal aligned with the Bombay High Court's stance in Tata Oil Mills, supporting the Central Excise authorities' position. The Tribunal determined that the "duty of excise leviable thereon" should reflect the duty post-exemption notification for both periods. Despite a dissenting opinion, the majority upheld this approach, denying the appeals and emphasizing the exclusion of refunded duty from assessable value and the need for specific statutory provisions for reopening assessments. Case-Laws Central Excise Fri, 30 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167545