2007 (9) TMI 706 - HC - Central Excise

Summary

Issues involved: Appeal against CESTAT order regarding provisional assessment and demands raised for captive consumption.

Provisional Assessment Issue:
The appeal was directed against the CESTAT order dated 22/2/2006. The appellant's counsel acknowledged that the basic question raised in the appeal is covered by a previous judgment of the High Court in Central Excise Appeal No.2597 of 2005. The Court noted that in both cases, yarn was cleared for captive consumption under a B-13 Bond with provisional assessments, and thus the demands raised on finalization of the provisional assessment were deemed valid based on the previous judgment.

Final Decision:
The Court, in line with the precedent set in the previous case, dismissed the present appeal with no order as to costs. The judgment emphasized the validity of demands raised against the appellant upon finalization of provisional assessments for goods cleared for captive consumption.