2003 (9) TMI 430 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant, a composite mill, in a dispute regarding the valuation of yarn consumed for weaving fabric. The authorities had added 10% to 15% inflation in the price of raw cotton for different yarn varieties, but the Tribunal found no basis for the higher rate for coarser yarns. The duty demand based on this erroneous valuation was set aside, and the appeal was allowed.