2001 (8) TMI 757

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....ra, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - The question for consideration in this appeal is the liability to duty of glipizide, a bulk drug, manufactured by the appellant. The appellant used this drug in the manufacture of glynase, which it sold as a patent and proprietary medicament. Glynase was exempt from duty by notification 30/88. Therefore, glipizide captiv....

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...., the appellant sold four kilograms to Vitara Chemicals at Rs. 50,000/- per kilogram. The department therefore applied this price for the remaining period. 3. The contention of the appellant is that the sales to Torrent Pharmaceuticals and Vitara Chemicals were on smaller quantity. It sold 1021.680 kilograms at Rs. 45,425.50 to American Products Co. Ltd. during the period from 1989 to Febr....