1998 (5) TMI 358 - AT - Central Excise

Summary

The Revenue appealed against Order-in-Original No. 4/1990 vacating a demand of Rs. 31,43,065.08 raised against M/s. Omkar Textile Mills. The dispute was about the assessable value of fabrics cleared by the company. The Revenue argued that the wholesale sale price should be the assessable value, but the Tribunal upheld the Collector's order, stating that valuation should be done at the time and place of removal, not dependent on sale. The appeal of the Revenue was dismissed.