Excise duty rate should be rate prevalent at the time of clearing

Urvashi Porwal Rate of excise duty should be the rate prevalent at the time when the goods are cleared from the factory – CESTAT Brief of the Case In the case of M/s Siemens Ltd. Vs. Commissioner of Central Excise, Mumbai-IV, it was held that the rate of duty applicable on the differential assessable value recovered at the depot premises attributable to the products manufactured would be the rate applicable to the said goods when they were cleared from the factory premises. Facts of the Case The appellants, M/s Siemens Ltd., were clearing some parts of X-ray machines/instruments. They we...