M/S FARWOOD INDUSTRIES (P) LTD. vs COMMNR.OF CENTRAL EXCISE, CHENNAI

The Supreme Court held that the order passed by the Assessing Officer and affirmed by the Commissioner of Central Excise, Chennai, requires reconsideration based on the precedent set in M/s. Craft Interiors Pvt. Ltd. vs. Commissioner of Central Excise, Bangalore. The Court remitted the matter back to the Commissioner for fresh disposal in accordance with law, thereby allowing the appeal. This judgment emphasizes the importance of adhering to established legal precedents in tax matters.