1983 (3) TMI 261

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....a, for the Appellants. Shri N.V. Raghavan Iyer, SDR for the Respondent. ORDER The case was heard on 8-3-1983. 2.  Shri Raghavan Iyer raised a preliminary objection saying that the Assistant Collector had not passed speaking orders in this case. The appellants, however, stated that they had no grievance on this score and that they wanted the matter to be disposed of by this Bench o....

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....ving at the assessable value. It was brought to the notice of the appellants that Section 47 of the Finance Act, 1982 had inserted an Explanation in Section 4 of the Central Excises & Salt Act, 1944, with retrospective effect from 1-10-1975, which made it clear beyond doubt that duty to be deducted from cum-duty price was the actual effective duty after taking into account any exemption available ....