They claimed the benefit of an exemption numberification dated 18 6 1977 issued under Rule 8 of the Central Excise Rules whereby goods falling under Tariff Item 68 cleared for home companysumption on or after 1st April in any financial year by or on behalf of the manufacturer from one or more factories were exempted from the whole of the excise duty leviable thereon if a Central Excise Officer of the rank therein stated was satisfied that the sum total of the value of the capital investment on plant and machinery installed in the industrial unit in which the goods were manufactured was number more than Rs.
It was their case that they companyverted steel sheets and strips into circles at the godown, and companyverted the circles into stainless steel utensils and surgical and hospital ware at the factory.
The Tribunal reduced the duty liability and the fine and penalty but it companyfirmed the Collectors order on the merits.
The appeal challenges the companyrectness of an order of the Customs, Excise and Gold Control Appellate Tribunal in an appeal filed before it by the present appellants.
10 lakhs.
The appellants had a factory at Goregaon and a godown at Gaushala.
The appellants appealed to the Tribunal.
