2013 (12) TMI 677

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....cation for waiver of predeposit of duty of Rs.8,28,03,702 and penalty of Rs.1,57,02,477/- along with interest. 2. The issue involved is regarding valuation of petroleum products sold by the oil company to the other oil marketing companies (OMCs) and the period of dispute is from 1.6.2002 to 31.3.2004. Revenue rejected the transaction value and adopted the price at the OMCs told to the dealers. ....