https://www.taxtmi.com/caselaws?id=41701 For the period before 18 June 1977, regulators fitted to electric fans were not includible in the assessable value for excise duty under Tariff Item 33 of the First Schedule to the Central Excise and Salt Act, 1944. The Delhi HC followed its binding Division Bench precedent and declined to adopt the contrary view under Section 4 taken by another High Court, holding that regulators became includible only after the tariff amendment. The assessment was set aside, the value was to be recomputed by excluding the cost of regulators, and excess excise duty was directed to be refunded. en-us Tue, 07 Feb 1984 00:00:00 +0530 Sat, 05 Jun 2010 14:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41701 For the period before 18 June 1977, regulators fitted to electric fans were not includible in the assessable value for excise duty under Tariff Item 33 of the First Schedule to the Central Excise and Salt Act, 1944. The Delhi HC followed its binding Division Bench precedent and declined to adopt the contrary view under Section 4 taken by another High Court, holding that regulators became includible only after the tariff amendment. The assessment was set aside, the value was to be recomputed by excluding the cost of regulators, and excess excise duty was directed to be refunded. Case-Laws Central Excise Tue, 07 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41701