1988 (3) TMI 189

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..... eal is on the date from which the price reduction in Part-II of the price list filed by the appellants should be given effect to. 2. The appellants were supplying their goods to Government and semi-Government purchasers through the D.G.S. D. The D.G.S. D. revised the purchase price downwards with effect from 1.3.1978 and intimated the reduction by their circular letter dated 4.3.1978. On rec .....

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..... ts that the price reduction could be effective only prospectively and not from a date earlier than the receipt of the price list by the Assistant Collector. 5. We have perused the record, particularly the written submissions of the appellants and have carefully considered the submissions of both parties. We find force in the submissions made by the appellants. The price revision was not done by .....

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..... central excise authorities also. In the circumstances, it is not fair to ask them to pay duty on higher prices when they realised only lower prices from 1.3.1978. We note that the lower authorities do not suspect any irregularity or objectionable feature in the transactions. In the circumstances, it would be unjust to insist that the reduced prices should be accepted as the basis of calculation of .....

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