https://www.taxtmi.com/caselaws?id=51576 The tribunal classified the product 'Rice & Spice' as a distinct edible preparation under Heading 21.08, subject to excise duty. The appellant's argument that the product should be classified under the milling industry was rejected. The tribunal determined the assessable value by deducting the duty element and imposed a penalty of Rs. 50,000 on the appellant. The decision was based on judicial precedents supporting the classification and liability for excise duty, ultimately ruling in favor of the respondent and affirming the appellant's obligation to pay the recalculated duty amount. en-us Thu, 10 Oct 2002 00:00:00 +0530 Mon, 27 Sep 2010 10:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51576 The tribunal classified the product 'Rice & Spice' as a distinct edible preparation under Heading 21.08, subject to excise duty. The appellant's argument that the product should be classified under the milling industry was rejected. The tribunal determined the assessable value by deducting the duty element and imposed a penalty of Rs. 50,000 on the appellant. The decision was based on judicial precedents supporting the classification and liability for excise duty, ultimately ruling in favor of the respondent and affirming the appellant's obligation to pay the recalculated duty amount. Case-Laws Central Excise Thu, 10 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51576