2000 (9) TMI 328

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....te, for the Appellants. Shri P.K. Jain, SDR, for the Respondent. [Order per : Justice K. Sreedharan, President]. -  Appellant M/s. Triveni Engineering and Industries Ltd. are engaged in the manufacture of Steam Turbines. They also undertake supply of turbines and bought out items like alternator control panel etc. By the impugned order the Commissioner confirmed the demand of Rs. 16,....

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....ail. 3. Demand of Rs. 47 Lakhs and odd was sustained on the ground that the appellant bought out certain items like alternators from third parties and sold the same to its customers at higher price and made profit out of it. The profit so obtained in the trading activities should also go to enhance the value of turbines according to the department and duty was assessed accordingly. This vi....