1998 (1) TMI 233

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..... sundaram, Member (J)]. The present appeal arises against the order of the Additional Collector of Central Excise, Bombay confirming a demand of Rs. 4,81,888.02P holding that Special Excise duty cannot be deducted for the purpose of arriving at the assessable value in terms of Notification No. 161/66 since, in terms of the explanation appended to the said Notification, only the element of Exc .....

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..... the judgment of the Apex Court cited (supra) which squarely applies in the present case. On the aspect of limitation, we see great force in the appellants contention that extended period of limitation cannot be invoked against them because for the immediate prior period, from 1-4-1982 to 31-3-1983, the Collector of Central Excise, Bombay by order dated 24-2-1992, has dropped the proceedings init .....

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