1998 (7) TMI 454 - AT - Central Excise

Summary

The appellate tribunal in Mumbai dealt with duty demanded from Larsen & Toubro and penalties on company officials for charges exceeding actual freight costs. The tribunal referred to a Supreme Court ruling stating that excise duty cannot be imposed on profit from transportation charges. The tribunal found additional charges like demurrage and jetty construction were not part of assessable value. As a result, duty was not payable, and penalties were not imposed. Appeals allowed, orders set aside.