1988 (9) TMI 140 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi upheld the lower authorities' decision regarding the inclusion of the cost of Wheels and Axles in the assessable value for Central Excise duty. The appellants' reliance on a Calcutta High Court judgment was deemed not binding as the Supreme Court's principle of valuation was considered decisive. The appellants' invoice value did not reflect the full commercial price of the article chargeable to duty, leading to the dismissal of the appeal. (Case Citation: 1988 (9) TMI 140 - CEGAT, NEW DELHI)