1996 (8) TMI 117 - SC - Central Excise

Summary

The Supreme Court upheld the appeal regarding the valuation of oxygen gas for excise duty purposes and remanded the matter to the Assistant Collector of Central Excise for determination. The Exemption notification under Rule 8(1) of the Central Excise Rules, 1944 was a key factor in the decision. The valuation issue at the rate of Rs. 325/- per hundred cubic meters was left open for future consideration. The Civil Appeals were disposed of with no order as to costs.