2007 (5) TMI 501

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...., Sr. Advocate and Partha Banerjee, Advocate, for the Appellant. Shri Y.S. Loni, JDR, for the Respondent. [Order per : Chittaranjan Satapathy, Member (T)].  Heard both sides. 2. Shri S.K. Bagaria. ld. Advocate appearing for the Appellants states that the impugned order has been passed adding Rs. 44/- per Kilolitre to the assessable value in respect of the entire clearance dur....

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.... Rs. 44/- as allowed by the Oil Coordination Committee though they have incurred a cost of 65 Rupees, evidence regarding which has been given to the Adjudicating Commissioner. Shri Bagaria states that according to Valuation Rules in force during the impugned period the actual cost of transportation/equalized freight is allowed to be deducted from the assessable value. The deduction claimed by the ....