2009 (8) TMI 1002

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.... Koka, SDR, for the Respondent. ORDER These stay petitions are directed against waiver of pre-deposit of the following amounts :- (i) The duty of Rs. 3,77,695/-. (ii) Interest (not quantified) under Section 11AB of Central Excise Act, 1944 (the Act). (iii) Penalty of Rs. 3,77,695/- imposed on M/s. Innosoft Technologies Ltd. under Section 11AC of the Act. (iv) Penalty of Rs. 10,00....

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....upplied some machinery and moulds to the applicants. The applicants also used their own machineries along with those supplied by M/s. PPL and manufactured "Polyset" brand goods. In the impugned order, the Commissioner came to the conclusion that the applicants have not arrived at correct value for discharging duty liability for the goods manufactured and cleared to M/s. PPL. The differential duty ....

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....ons made by both sides and on perusal of the records, we find that the issue involves application of Rule 6 of the Central Excise (Valuation) Rules, 2000 for the purpose of correct valuation. It is an undisputed fact that the applicant was not getting machinery on free of charge, but was paying lease rent to M/s. PPL for the machinery. We find that the Insurance charges and difference between the ....