1990 (5) TMI 45

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e business of processing cotton and man-made fabrics. They have filed these petitions for appropriate write, order or direction directing the excise authorities to reassess the assessable value of the processed fabrics and to grant refund with interest at the rate of 12% per annum on the excise duty collected by them. 2. Now it is settled by the decision of the Supreme Court that while arriving a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....k out the amounts refundable to the petitioners. The excise authorities are directed to complete the re-assessment of value within three months from today and refund the excess amount within one month thereafter. In order to facilitate the work of the excise authorities, the petitioners are also directed to submit their claim statements to the excise authorities within one month from today. 4. In....