2008 (3) TMI 538

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....i V.K. Agarwal, DR, for the Respondent. [Order per : M. Veeraiyan, Member (T)]. -  Heard both sides on the stay petition. 2. The applicant is selling their final product "writing & printing paper" and collecting transit insurance charges at a fixed rate of 0.4% of the sale price. During the relevant period from January, 2006 to October, 2006, they have collected totally an amoun....

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....rranged by them and they have given the concurrence for the same. 4. The learned DR submits that the judgments relied upon by the learned Chartered Accountant relate to Section 4 as it stood prior to amendment on 1-7-2001. After the amendment the emphasis is laid on the actual transaction value of each consignment removed and whatsoever amount collected in connection with the sale was requ....