https://www.taxtmi.com/caselaws?id=44853 The Tribunal dismissed the department's appeals on the valuation issue regarding goods manufactured by the appellants. The High Court directed the appellants to re-deposit the withdrawn amount with 12% interest in a Nationalized Bank for potential refund consideration by the Assistant Collector. The court allowed the appellants to appeal the Assistant Collector's decision to the Commissioner of Central Excise (Appeals) and set aside the interest award, leaving the determination of interest to the Commissioner. Bank guarantees were required to be maintained for two months, after which non-renewal could lead to their encashment by the Revenue. en-us Thu, 30 Jan 1997 00:00:00 +0530 Mon, 05 Jul 2010 11:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44853 The Tribunal dismissed the department's appeals on the valuation issue regarding goods manufactured by the appellants. The High Court directed the appellants to re-deposit the withdrawn amount with 12% interest in a Nationalized Bank for potential refund consideration by the Assistant Collector. The court allowed the appellants to appeal the Assistant Collector's decision to the Commissioner of Central Excise (Appeals) and set aside the interest award, leaving the determination of interest to the Commissioner. Bank guarantees were required to be maintained for two months, after which non-renewal could lead to their encashment by the Revenue. Case-Laws Central Excise Thu, 30 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44853