2016 (4) TMI 1068 - SCH - Central Excise

Duty liability with interest and penalty - Receipt of duty paid dipping chemicals free of cost, availment of the duty paid as credit and excluding the cost of chemicals from the value of dipped nylon tyre cord fabrics - Tribunal has decided the matter in favour of assessee reported in 2007 (3) TMI 613 - CESTAT, CHENNAI by declaring the entire issue as tax neutral - Apex Court dismissed the assessee s appeal since It would be futile to go into the issue if it is tax neutral.

Summary

The Supreme Court dismissed the appeals in favor of the respondents-assessees, stating that the issue is tax neutral, which was not disputed by the appellant-Department.