Supreme Court Upholds Valuation of Body-Built Vehicles Including 10% Notional Profit but Rejects Extended Limitation Under Section 11A. Assessee Job Worker Liable to Include 110% Chassis Value in Excise Duty Computation, Yet Department Cannot Invoke Extended Period Absent Wilful Suppression.
1 Jan 1970The appeals arose from a dispute between job workers engaged in body-building of motor vehicles and the Central Excise and Service Tax Department. The...
