1998 (7) TMI 296

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eke, JDR, for the Respondents. [Order per : G.N. Srinivasan, Member (J)]. These applications are for stay of collection of duty of Rs. 24,16,198-. The impugned order also inflicts penalty of Rs. 20 lakhs on the Thane unit and other penalties namely the Madras unit of the applicant and two other persons. The penalty has been inflicted under Rule 209A of the Rules. 2. After hearing Shri .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... assessable value. Before the adjudicating authority it was contended that for the purpose of valuation since there was no sale involved in this case the provisions of Rule 6 of Valuation Rules should be looked into in this case. 4. The adjudicating authority in the impugned order at paragraph 11 thereof had rejected the contentions of the assessee that there was no sale and held that there was a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X