2006 (3) TMI 481

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....Vishal Agarwal, C.A., for the Appellant. S/Shri C. Lama, JDR & P.K. Katiyar, SDR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. - The appellants are engaged in the manufacture of H.R Coils and apart from selling the same in the open market to independent buyer, they are also transferring the same to their sister concern. At the time of transfer of the said goods, Central E....

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....o the time of removal of the goods under assessment, subject to necessary adjustments. He submits that if value cannot be arrived at in terms of the said Rule, only then Rule 8 has to be relied upon. The Board's Circular is against the provisions of the said Rules and has been wrongly relied upon by the adjudicating authority. Reliance has been made on the Tribunal's decision in the case of Aquama....