1999 (4) TMI 251

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.....B. Yadav, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - Application is for waiver of deposit of Rs. 1.37 crores (approx.) and penalty under Section 11AC for equivalent amount. 2. Advocate for the applicant says that the applicant manufactures soap, as a job worker, for M/s. Wipro Ltd. and M/s. Swastik Surfactants Ltd. These two supply raw material and take back....

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....f manufacture, and elements that go into the value were the subject matter of adjudication in November 1993 and in 1996. Further, each of the price list filed during the period in question contained as an enclosure a certificate by the Chartered Accountant which indicated that the cost of manufacture have been taken "net of excise". The notice itself in para 2 of Annexure A acknowledges that the v....