2000 (10) TMI 348

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....nt. Shri T.D. Bodade, JDR, for the Respondents. [Order per : Gowri Shankar, Member (T)]. -  The application is for waiver of deposit of penalty of Rs. 1.11 crores approximately. The duty, equivalent to the penalty, and interest of Rs. 5 lakhs demanded in the order has already been deposited. 2. Duty had been demanded on redetermining the value of goods manufactured at the Deo....

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....LL from this date. It is on these facts that the value of the goods sold from the Deonar factory should be in accordance with the proviso under Section 4(1)(a) of Act. The applicant does not dispute the department's view regarding valuation of the goods. It had, of its own accord, paid the differential duty due on this score on 5-12-1998. 3. Penalty has been imposed on the view that the fa....