1987 (2) TMI 366

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....he Respondent. [Order per : K.L. Rekhi, Member (T)]. - The appellants manufacture tyres for motor vehicles. During the period from 9-5-1974 to 23-2-1976, they cleared a certain quantity of O.E. (Original Equipment) Tyres for sale to moter vehicle manufacturers. Some unsold quantity out of it was still held in their outside depots when, on 24-2-1976, they reduced the sale prices of O.E. tyres....

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....was not in terms of Section 4 but in terms of the exemption Notification No. 17/74-CE, dated 18-1-1974 which allowed assessment of O.E. tyres on the basis of "the actual wholesale cash price charged on such goods". In other words, the O.E. tyres were to be valued for the purpose of assessment on the basis of the actual sale price realised for them by the appellants. The claim of the appellants for....