2019 (1) TMI 818 - AT - Central Excise

Rectification of mistake - case of applicant is that there is no reference to the circular of Central Board of Excise & Customs advising the valuation to be adopted and is silent on the plea that adjustments should precede computation of interest - Held that - The computation of duty liability requires valuation prescribed in law that is binding on all functionaries under the control of Central Board of Excise & Customs. Likewise, the computation of interest is also to be determined in accordance with law. In disposing of the appeals, we did not find it necessary to reiterate the obvious that the lower authority should follow the provisions of law - application not entertained and is rejected.

Summary

The Appellate Tribunal CESTAT Mumbai rejected the application seeking rectification of mistake in a final order dated August 29, 2018. The tribunal stated that duty liability valuation and interest computation must follow the law, and there was no need to reiterate this in the order. The application was rejected.