No excise duty due to price escalation if it is not known at or before time of removal
Facts of the case are :- Periods 1996-1997 to 2000-2001 Assessee cleared non-woven carpets to Maruti paying duty based on invoice price .On inquiry from Maruti, department found that assessee had received additional amount on account of price escalation and therefore, raised demand of duty thereon .Tribunal held that duty is payable at ‘price’ at… Read More »