2001 (3) TMI 443 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi considered an application by M/s. Ajnala Co-op. Sugar Mills for waiver of pre-deposit of excise duty amounting to Rs. 3,86,088/- confirmed by the Commissioner (Appeals). The issue involved the assessable value of molasses sold at auction. The Tribunal found that the price fixed by the government did not have statutory backing, and the claim for differential duty was unsustainable. Therefore, the recovery of the duty was stayed during the appeal.