2006 (2) TMI 424

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.... Shri Bipin Verma, JDR, for the Respondent. [Order per : S.S. Kang, Vice-President]. -  Heard both sides. The applicant filed an application for waiver of pre-deposit of Rs. 4,44,83,873/- and penalty of the equal amount. In this case demand is confirmed in respect of two bulk drugs namely PACLITAXEL AND DOCETAXEL, manufactured by the applicant at their at Sahibabad. Both the bulk dru....

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....bulk drug. The adjudicating authority adopted the method of best judgment assessment and taken into consideration the 75% of the cost of injection as the cost of bulk drug. 3. The contention of the applicant is that for stay purposes though not admitted the case of the revenue that the applicant had not declared the cost of production correctly. Under the provisions of Rule 11 of Valuation....

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....actured by Baddi unit is not sustainable whereas value addition is 172%. The contention is also that the applicant produced all the cost data showing that they had correctly determined the cost of production which was ignored by the adjudicating authority. 4. The contention of the Revenue is that the cost data supplied by the applicant are not reliable data as the cost of the raw-material ....