2003 (6) TMI 148 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi ruled in the case of M/s. HPL Chemicals Ltd. regarding the collection of excess amount for transit insurance on Hydrazine. The tribunal found that the differential amount collected does not need to be treated as part of the goods' value for excise duty purposes, citing the precedent set by the Apex Court in Baroda Electric Meters Ltd. The tribunal set aside the duty demand and allowed the appeals of the appellants.