2003 (1) TMI 441 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai dismissed the appeal regarding denial of exemption under Notification 1/93 for exceeding Rs. 3 crores in clearance value. The Tribunal held that goods cleared and received back still count towards the clearance value, even if subsequently returned. The Tribunal found no grounds for interference and dismissed the appeal.