2001 (5) TMI 495 - AT - Central Excise

Summary

The appeal involved a duty demand of Rs. 3,86,088.00 due to a dispute over the valuation of Molasses. The appellants sold Molasses at different prices to cooperative societies and private parties. The Revenue assessed the Molasses sold to private parties based on the price charged to cooperative societies. However, as there was no evidence to show that the sale price was not the full consideration, the duty demand was set aside, and the appeal was allowed.