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2015 (11) TMI 964 - SC - Central ExciseDemand of differential duty - Undervaluation of goods - Held that:- Revenue contended that the CESTAT has not discussed the facts of the present case appropriately and has accepted the version of the respondent-assessee blindly without even going into the documents, more particularly, the so called forward contract entered into between M/s. L&T and the assessee which was not even produced by the assessee. He submitted that the finding that the transaction was not at arm's length which was arrived at on the basis of material on record after detailed discussion has not even been commented upon and is side-tracked. On these facts, his submission was that the judgment of this court in H.B.L. Aircraft Batteries Ltd. could not have been mechanically applied. - Matter remanded back - Decided in favour of Revenue.
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