1998 (9) TMI 96

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....ew of a purely legal issue arising for decision in this petition the learned counsel for the parties are heard finally with their consent. The petition is disposed of in terms of the following order :- Rule D.B. 2.The petitioner is aggrieved by Circular No. 355/71/97-CX, issued by Central Board of Excise and Customs whereby the adjudicating authorities have been directed to see that the valu....

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....ceased to be good in the eyes of the law. The Assessing Authorities are bound to follow the circular of the Board in view of the mandate contained in Section 37B of the Central Excises Act, 1944 under which provision the Circular has been issued. It is further submitted by the learned counsel that so long as the circular remains in operation, the orders of adjudication made pursuant thereto would ....