The assessee Atma Steel appealed to the Tribunal and the Tribunal allowed the appeal.
1995 3 SCR 1051 The Judgment of the Court was delivered by BHARUCHA, J. These appeals may be disposed of by a companymon judgment inasmuch as the Customs, Excise and Gold Control Appellate Tribunal allowed the appeal in the case of M s. Steel Strips Ltd. Civil Appeal No.
It was the case of the Excise authorities that companyd rolled strips were obtained by the assessees by a process of manufacture and were entitled to exemption from so much of the basic excise duty leviable thereon, namely, Rs,1350 per M.T., as was in excess of Rs.650 per M.T. In other words, the effective rate of excise duty that the assessees were obliged to pay, according to the Excise authorities, was Rs.650 per m.t.
In this behalf, the strips of the assessee M s Atma Steel were companyfiscated and a penalty imposed.
Ltd. Civil Appeal No.
450 per metric tonne respectively.
It then referred to other companyd rolled strips and the hot rolled strips and exempted them from so much of the basic excise duty leviable thereon as was in excess of Rs.650 per metric tonne and Rs.
It exempted galvanised strips and other than galvanised strips from so much of the basic excise duty leviable thereon as was in excess of Rs.850 per metric tonne and Rs.
350 per metric tonne respectively.
