2001 (4) TMI 149 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Court No. I, New Delhi, in the case of Revenue vs. Assessee regarding excess duty paid on a transformer sale. The appeal by Revenue was rejected as the contract price was fixed at Rs. 1,25,000, but the invoice showed Rs. 1,85,000. The Commissioner allowed the refund claim, stating that the assessable value can be corrected. The appeal lacked substance and was dismissed.