2000 (9) TMI 459 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai considered whether special excise duty should be deducted in determining the assessable value of medicaments for applying Notification 245/83. The Tribunal approved deducting both basic excise duty and special excise duty from the fixed retail price to calculate the net value. The Tribunal's interpretation included all kinds of excise duty, leading to the appeal being allowed and the impugned order being set aside.