2003 (7) TMI 345

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....Shri Kumar Santosh, SDR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. - The appellants manufactures IC Engine. At the time of selling the IC Engines to their dealers, the appellant takes a security deposit at the rate Rs. 300/- per unit of the goods from their dealers. This deposit is returned to them on production of vouchers containing the certificate of the ultimate buyer th....

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....ant's own case in Appeal No. E/122/98. As against this, the learned SDR submitted that the 1997 order of this Tribunal is of no relevance since valuation provision under Central Excise law has been changed from 1st July, 2000, which is the period covered by the present order. Learned SDR pointed out that under new Valuation provision, goods are subjected to duty at the transaction value and transa....