2003 (7) TMI 346 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant, engaged in manufacturing iron and steel articles, regarding duty demand and penalty imposed for under valuation of goods sold from depots. The tribunal held that duty should be levied based on ex-factory wholesale price as per Section 4(1)(a) of the Central Excise Act, 1944. The impugned order was set aside, and the appeal was allowed.