2007 (2) TMI 542

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....er : P.G. Chacko, Member (J)]. - This appeal is by the Department represented by ld. SDR. There is no representation for the respondents despite notice, nor any request of theirs for adjournment either. The appeal, the oldest in the hearing list, is taken up for hearing and disposal. 2. After examining the records and hearing ld. SDR, we find that the short question to be considered is whe....

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....able value, according to the assessee, should be determined by taking into account the price of 1040 K.grms of ingots less the value of 30 K.grms. of scrap. This contention was accepted by ld. Commissioner (Appeals) in the impugned order, by which, in the present appeal, the Revenue is aggrieved. 2. The memo of appeal states that the value of any 'invisible loss' forms part of the final cost....