2008 (4) TMI 549

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....nt. Shri V. Panchanathan, Advocate, for the Respondent. [Order per :  P.G. Chacko, Member (J)]. -  In the wake of audit objections, the respondents had revised the assessable value of the goods removed from their factory in 1997-98 and paid differential duty of Rs. 23,00,420/-. Similarly, for the next year ('98-'99), they paid differential duty of Rs. 1,63,187/- for which they o....

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....ns. Learned counsel for the respondents has placed on record a copy of the order dated 16-5-2005 issued (in lieu of Certificate 'A') by the Assistant Commissioner permitting the assessee to transfer credit of the above amount of duty (Rs. 23,00,420/-) to their sister unit under Rule 57E of the erstwhile Central Excise Rules, 1944 read with Section 38A of the Central Excise Act. Learned SDR has rei....