2015 (5) TMI 627

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....Arya, Adv. and Mr Abhishek Yadav, Adv. For the Respondents : Mr K Radhakrishnan, Sr. Adv., Mr Rupesh Kumar, Adv., Ms Rashmi Malhotra, Adv. and Mr B Krishna Prasad, Adv. ORDER The appellant herein manufactures Vacuum Interrupter Tube (VIT) which is used in the production of Vacuum Circuit Breakers. The VITs are manufactured by the appellant at its Aurangabad unit. These are sold to the third par....

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.... party, the prices at which the goods were cleared, for Nasik unit was negotiated price and at arms length. On that basis it was pleaded that the price declared for clearance of such goods for Nasik unit should be accepted. The Assessing Officer rejected the aforesaid plea of the appellant and confirmed the demand raised in the show cause notice. The rejection was on the ground that Nasik unit wa....

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....udicating authority was challenged by the appellant by filing appeal before the Tribunal. Here also the main contention of the appellant was that the goods which were cleared by the Aurangabad unit for its Nasik unit were at negotiated price and that a price should have been taken into consideration even if the goods were to the related parties. We find that this aspect has been dealt with in deta....

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....Nasik unit for the year 1997 is shown in tabulated form in respect of second and fourth model. Insofar as VIT model WL-34599 C-I is concerned, we find that the goods which were cleared by the appellant for its Nasik unit show the value between Rs. 10,700/- to Rs. 13,000/- at different periods. However, the Assessing Authority has fixed the value at Rs. 22,650/- only on the ground that one party, v....