2014 (12) TMI 108

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....esh Nadkarni, Advocates, for the Appellant. Shri Amand Shah, Additional Commissioner (AR), for the Respondent. ORDER The appellant is in appeal along with an application for stay against the impugned order wherein the transaction value declared by the appellant for the import consignment was rejected being related person. 2. Brief facts of the case are that the appellant is 100% s....

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.... 4. Shri Durgesh Nadkarni, learned Advocate appearing for the applicant submits that although the appellant is 100% subsidiary but the price has not been influenced being related person as the foreign supplier is having a uniform pricing pattern to give 65% discount on the price list. This fact was demonstrated by the appellant before the valuation branch wherein he has shown the invoices iss....

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....der is to be set aside. 5. On the other hand, Shri Amand Shah, Addl. Commissioner (A.R.) appearing for the Revenue reiterated the impugned order and submitted that the appellant did not produce the order of M/s. Teknic Euchner Electronics Pvt. Ltd. before the lower authorities therefore, the same cannot be argued at this stage in their defence. He further submitted that no discount should ....