1999 (5) TMI 558 - AT - Central Excise

Summary

The case involved the valuation of steel sheet cuttings sold by the appellants from their factory. The revenue argued for assessing the value based on the imported sheets, but the appellants contended that the sale price of the remnants should be considered. The tribunal ruled in favor of the appellants, stating that the assessable value should be the sale price as per Section 4 of the Central Excise Act. The demands for additional duty were deemed unjustified, and the impugned order was set aside.