1999 (10) TMI 73

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....placed by the Customs, Excise and Gold (Control) Appellate Tribunal on Notification No. 43/75, Clause 2(a) whereof reads thus : "2(a) Aluminium in any … If manufactured from any crude form (including of the following ingots, bars, slabs, materials or a billets, shots, pellets) combination thereof, and castings namely……." 2.The respondents manufacture aluminium bars and the bars are not....

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....are not in crude form. 4.Our attention was invited by the learned Attorney-General, appearing on behalf of the Revenue, to the judgment of this court in Reserve Bank of India v. Peerless Co. [(1987) 1 SCC 424]. The issue before the court was "Is a prize less chit a prize chit?" The question had to be answered in the light of a very expensive inclusive definition of prize chit, but the court sai....