2004 (5) TMI 137 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai heard appeals against duty demand of Rs. 3,52,08,527 for the period July 1997 to June 2000 and penalties imposed. The duty demand was confirmed due to assessable value not including certain expenses. The appellants argued that a subsequent circular clarified cost computation, excluding corporate office expenses. The Tribunal found the later circular supported the appellants' claim and waived the pre-deposit of duty and penalties, setting a hearing date for the case.