2008 (11) TMI 452

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....the Appellant. Shri R.S. Sarova, JDR, for the Respondent. [Order per : B.S.V. Murthy, Member (T)]. - The appellant has cleared excisable goods to their sister concern namely M/s. Visen Organic Ltd. paying duty as per value adopted for sales to buyers. The contention of the Revenue is that this was incorrect and appellants should have submitted cost certificate as required in CAS-4 format ....

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.... sister unit. He also stated that duty was paid as the value of comparable goods and such value was more than the cost of production and plus profit. He also submitted that no penalty on the Director could have been levied since no goods were held liable for confiscation. Ld. DR reiterates the grounds taken by the Commissioner (Appeals) while rejecting the appeal. 3. We find that demand is....