2006 (5) TMI 386

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.... Shri B.L. Meena, SDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - The lower authorities have demanded duty amounts of Rs. 3,47,728/- and Rs. 4,71,017/- from the appellants for the periods April 2003 to August 2003 and September 2003 to March 2004 respectively. They have also imposed on the assessee penalties of Rs. 10,000/- each for the said periods. The demand is on proce....

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....d fabrics cleared by the assessee was captively consumed in the other unit and hence the assessable value of the goods should be determined in terms of Rule 8 ibid. It has been submitted by learned counsel that, even if the differential duty is paid in terms of the impugned order, the sister unit can take Cenvat credit of the same, thereby giving rise to a revenue-neutral situation. On this basis,....