1997 (9) TMI 413

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....ondent. [Order per : T.P. Nambiar, Member (J) (Oral)]. -  Heard the learned Advocate Shri R. Raghavan and the learned JDR Shri Ravinder Saroop. The matter is covered by the decision of the full Bench of the Tribunal reported in 1996 (81) E.L.T. 676 (T) in the case of Dai Ichi Karkaria. Hence, we grant the absolute stay and both the sides states that the appeal may be heard. 2. The poi....

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.... We have considered the submissions. It is now an admitted fact that the assessable value was calculated on the basis of the Rule 6B(ii) of Valuation Rules, 1975. Therefore, we are unable to understand as to how the decision of Dai Ichi Karkaria case of the full Bench is distinguished from the facts of the case. In view of the fact that it is now a settled principle that the credit taken on t....