2001 (4) TMI 395 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata ruled in favor of the appellants, setting aside the demand of duty amounting to Rs. 24,66,462.73. The tribunal held that the assessable value should be based on the ex-factory sale price, even for sales made through stockyards, following the precedent set by the Hon'ble Supreme Court in the case of Indian Oxygen Ltd.