This document contains the Supreme Court of India's judgement in the case of M/s Peacock Industries Ltd. versus the Union of India and Ors. The appeal concerns a claim for refund of excise duty on returned goods, with the core issue being the valuation of these goods. The judgement details the proceedings from the High Court to the Supreme Court, discussing the assessee's arguments regarding natural justice and the valuation of returned goods as raw materials. Ultimately, the Supreme Court upholds the lower courts' decisions, dismissing the appeal.
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