1998 (2) TMI 222 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard a case where the respondent, engaged in manufacturing metal rolls for metal rolling mill, filed for classification under Chapter sub-heading 8455.00 and exemption under Notification No. 281/86. The Assistant Collector approved the classification but denied the exemption. The Collector (Appeals) confirmed the denial of exemption but directed the assessable value to exclude the cost of metal materials. The Tribunal found that the assessable value should include the cost of metal materials and set aside the Collector (Appeals) order, restoring the Assistant Collector's decision.