2006 (3) TMI 634

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....i, SDR, for the Appellant. Shri Madan Babu, Advocate, for the Respondent. [Order per : P.G. Chacko, Member (J)]. -  The respondents are engaged in the manufacture of 'bulk drugs' listed in the Schedule to the Drug (Price Control) Order [DPCO, for short] issued by the Drug Control Authority. During the periods of dispute, they sold their bulk drugs at a price lesser than the maximum p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ee. Hence the present appeals of the department. 2. The short question arising for consideration in these appeals is whether the maximum price fixed in DPCO was liable to be adopted as the basis of assessable value of bulk drugs. According to the respondents, they were at liberty to sell their products at lower prices than those fixed in DPCO and the actual price would be the normal price ....