https://www.taxtmi.com/caselaws?id=50618 The appeal involved duty demands on goods bought from the market and supplied to a project, as well as notional interest on advances. The Tribunal ruled in favor of the appellants, stating that they were not liable for duty on bought-out goods as they did not manufacture or use them in the production of excisable products. The duty demand of Rs. 35 lakhs for bought-out goods and Rs. 12 lakhs for notional interest on advances were deemed unjustified and set aside. The appeal was allowed, and the appellant's deposit was to be returned. en-us Thu, 26 Apr 2001 00:00:00 +0530 Mon, 23 Aug 2010 18:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50618 The appeal involved duty demands on goods bought from the market and supplied to a project, as well as notional interest on advances. The Tribunal ruled in favor of the appellants, stating that they were not liable for duty on bought-out goods as they did not manufacture or use them in the production of excisable products. The duty demand of Rs. 35 lakhs for bought-out goods and Rs. 12 lakhs for notional interest on advances were deemed unjustified and set aside. The appeal was allowed, and the appellant's deposit was to be returned. Case-Laws Central Excise Thu, 26 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50618