2008 (12) TMI 529

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Consultant, for the Appellant. Shri A.K. Prasad, JCDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - After examining the records and hearing both sides, we find that the learned Commissioner has demanded a differential duty of over Rs. 119.00 crores from the appellants for the period April 2002 to September 2004 and has also imposed on them equal amount of penalty. The impu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... installations of other oil marketing companies situate in and around the place of the refinery represented the transaction value in terms of a comprehensive agreement executed between all the companies at the behest of the government. This value was based on what is called 'import parity price' (IPP) referred to in the said agreement. After considering the submissions of both sides, we find that,....