Excise Duty Valuation of Leaf Springs Overturned: Section 4 Applied, Revenue Authorities' Calculation Deemed Legally Insufficient

CESTAT allowed the appeal, holding that the valuation of assorted leaf springs must be conducted under Section 4 of the Central Excise Act, 1944, not Section 4A. The tribunal found the revenue authorities' computational methodology lacking legal basis, with valuation based on erroneous presumptions and mathematical exercises. The goods were cleared loose without packaging, thus not qualifying as retail packages under Legal Metrology Rules. The demand and associated penalties were set aside due to insufficient evidence and improper stock verification procedures during the original investigation. .....

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