1998 (4) TMI 199

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.... Shri A.K. Madan, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. - This is an application for waiver of pre-deposit and stay of recovery of a duty amount of Rs. 18,82,080.00 and penalty of Rs. 2 lakh confirmed and imposed by the adjudicating authority on LLDPE powder converted from granules and used by the applicants herein, in the manufacture of items such as swin....

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....ared before him for a courtesy visit on 21-10-1997, and passed the order without reference to their letters of May and August, 1997 seeking copies of documents. He, further, submitted that the assessable value has been wrongly arrived at the cost of raw materials and cost of couversion of granules to powder has been calculated correctly, while margin of profit has been calculated wrongly. 3.&em....

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....d penalty. 4. We have carefully considered the submissions of both sides. We are not satisfied prima facie that there has been a violation of principles of natural justice, having regard to reply to the show cause notice and further regard to the fact that the Chairman of the applicant-company appeared before the Commissioner on 21-10-1997 and was heard by him on that date. The calculation....