2003 (8) TMI 48 - SCH - Central Excise

Valuation (Central Excise) - Exempted goods - Held that - commodity - Spert in question itself was exempted from tax. Therefore the question of valuation would not arise - In this light it is unnecessary to examine correctness of the decision of the Tribunal - Decided against Revenue.

Summary

The Supreme Court upheld the Tribunal's decision based on a previous judgment exempting the commodity Spert from tax. A subsequent decision confirmed Spert as an edible preparation, supporting the tax exemption. The appeal was dismissed as long as the commodity remained tax-exempt.