2006 (6) TMI 356

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....Ashima Bansal, SDR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. -  Heard both side and perused the record. 2. There is a duty demand of over Rs. 60 lakhs and equal amount of penalty on the appellant. This is upon a finding that the appellant discharged Central Excise duty liability on a lower value in regard to certain quantities of petroleum products delivered to....

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....ices came into force w.e.f. 6-10-1999, all deliveries made from 6-10-1999 were required to discharge duty at the revised higher prices. 5. The contention of the learned Counsel for the appellant is that delivery of part of the goods had taken place on 5-10-1999 itself and that since the sale was at price prevailing on the day of sale, and since the appellant received payment only in terms ....