2006 (10) TMI 47

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..... cture pharmaceutical products for M/s. Alvetra Laboratories on loan licence basis and M/s. Alvetra Laboratories was selling the goods to M/s. Merind Limited. There was a vast difference between the price sought for approval by Alvetra Laboratories and the price at which Merind Limited was selling the same goods in the market, e.g., in respect of price list No. 51/91 assessable value of Rs. 22.40 w .....

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..... the approval of the price lists and dismissed the appeal. Hence this appeal before the Tribunal. 3.No material has been adduced before us for rejection of the price list approved. If the price accepted by a proper officer is required to be altered then evidence has to be brought on record for such purpose. No such material has been brought on record. We, therefore, see no reason to interfere wit .....

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