1999 (4) TMI 251 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Mumbai involved an application for waiver of deposit of Rs. 1.37 crores and penalty under Section 11AC. The applicant manufactures soap as a job worker for M/s. Wipro Ltd. and M/s. Swastik Surfactants Ltd., determining assessable value based on cost of manufacture and profit. The Tribunal found in favor of the applicant on the issue of assessable value and limitation, waiving the deposit of duty and penalty. The appeal was listed for further hearing on 22-4-1999.