1998 (4) TMI 307

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..... )]. Briefly stated, facts of the case are as follows :- 2. The appellants herein are manufacturers of RCC spun pipes. 99% of their supplies are made to Government Departments. For this purpose, they have entered into rate contract with PWD of Government of Tripura. Rate contract stipulates - (i) basic price, (ii) variation in price on account of variation in price of the raw materials, nam .....

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..... arances in a financial year in order to avail of benefit of Notification 77/83-C.E., dated 1-3-1983 on the basis of the date on which the goods are actually removed in relation to a consignment even though the payment might have been received by them in advance either by way of basic price or even by way of escalated price. The escalated price received by the appellants in a financial year was app .....

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..... e contract has stipulated a basic price on the basis of the order received by them from various Government Department. The rate contract is also executed sometimes before the orders are received and the goods are actually produced and cleared from the factory. In the intervening period, the prices of cement and steel may get escalated thereby entitling the appellants to make escalation bill on com .....

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