1999 (5) TMI 204 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai considered whether duty paid on inputs should be included in the valuation of the final product. The case involved an amount of Rs. 1,48,20,997/- and a penalty of Rs. 25 lakhs. The appellant argued based on the decision in Dai Ichi Karkaria that the duty element should not be considered for valuation. The Tribunal found that the judgment in Dai Ichi Karkaria was applicable and granted a stay on the recovery of duty and penalty.