1991 (11) TMI 135 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal filed by M/s. Mysore Acetate & Chemicals Co. Ltd., Mandya, holding that turnover tax is allowable as a deduction from the assessable value, based on the Supreme Court decision in Union of India v. Bombay Tyres International Ltd. The matter was remanded to the Assistant Collector for readjudication following the legal precedents cited. The appeal was allowed by way of remand.