2001 (6) TMI 770

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.... Shri T.D. Bodade, DR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - Ms. Priya Ranade, advocate, who represents the appellant stated that there was no Vakalatnama issued in her name and that she had been briefed by R.G. Sheth & Co, which is authorised by the appellant. We pointed out to her that the law requires that the person who represents the appellant before us shoul....

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....e maximum retail price of these goods. The appellant also revised its assessable value based on this revision and submitted a price declaration. Notice was issued to it proposing to determine the assessable value of the goods under Clause (ii) of the proviso under Clause (a) of sub-section (1) of Section 4 of the Act, which reads as follows : "(ii) where such goods are sold by the assessee....

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....ng the goods at the maximum of the price. He held the maximum retail price fixed under the Drug (Prices Control) Order, 1987 to the value, but says that the discount permissible in terms of 15% of the retail price in terms of Notification 245/83 should be granted. 4. We have reproduced the relevant provision of law under which the price has been fixed. Since the order under the Drug (Price....

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....ining the price, the Assistant Collector has also extended the exemption contained in Notification 245/83. He concludes that discount of 15% would be admissible from the retail price and disallowed the other discounts totalling 22.5% that the assessee had claimed. The exemption contained in Notification 245/83 subject to the assessee fulfilling the three conditions contained therein, that no other....