1990 (5) TMI 45 - HC - Central Excise

Summary

The High Court of Gujarat directed excise authorities to reassess the value of processed fabrics, excluding trader's profit, and grant refunds for excess duty collected. Petitioners must submit claim statements within one month, and bank guarantees need to be renewed within one month. The court allowed encashment of bank guarantees to pay the department. No costs were awarded. (Case citation: 1990 (5) TMI 45 - HIGH COURT OF GUJARAT AT AHMEDABAD)