1997 (2) TMI 312 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi dismissed the appeal regarding the valuation of motorcycles sold by the appellant. The tribunal upheld the authorities' decision to consider the value of Rs. 4820 instead of Rs. 3510 as the normal price, as the motorcycles were sold at a lower value during an experimental stage to employees who had to report back on performance. The appellant's failure to provide cost data for the period in question led to the adoption of the higher value. The appeal was dismissed.