2006 (3) TMI 522

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....the Appellant. Shri Bipin Verma, JDR, for the Respondent. [Order per : S.S. Kang, Vice-President (for the Bench)]. -  Applicant filed this application for waiver of pre-deposit of duty of Rs. 58,73,564/- and penalty of Rs. 68,73,564/-. The contention of the applicant is that they are manufacturing and clearing Integrated Control Automation Monitoring System. The applicants are paying....

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.... the revenue is that after the amendment with effect from 1-7-2000 for the purpose of valuation, the transaction value is to be taken into consideration as the applicants were clearing the system to their customers, therefore, the transactional value which includes the price of system as well as the erection, installation and supervision charges. Therefore, the applicants are liable to pay duty on....