https://www.taxtmi.com/caselaws?id=377072 The Tribunal allowed the assessee's appeal regarding eligibility for the concessional rate of duty under Notification No. 10/2003-CE for watches sold below Rs. 500 to industrial organizations. It clarified that compliance with Section 4 or Section 4A of the Central Excise Act was not a prerequisite for availing the concessional rate as long as the sale price met the criteria. The Tribunal emphasized that the definition of "retail sale price" in the Notification was specific to its context and did not require adherence to the Standards of Weights and Measures Act. The Department's appeal was dismissed, affirming the assessee's entitlement to the benefit of the Notification. en-us Mon, 18 Mar 2019 00:00:00 +0530 Fri, 22 Mar 2019 06:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377072 The Tribunal allowed the assessee's appeal regarding eligibility for the concessional rate of duty under Notification No. 10/2003-CE for watches sold below Rs. 500 to industrial organizations. It clarified that compliance with Section 4 or Section 4A of the Central Excise Act was not a prerequisite for availing the concessional rate as long as the sale price met the criteria. The Tribunal emphasized that the definition of "retail sale price" in the Notification was specific to its context and did not require adherence to the Standards of Weights and Measures Act. The Department's appeal was dismissed, affirming the assessee's entitlement to the benefit of the Notification. Case-Laws Central Excise Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377072