2015 (12) TMI 1402

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....agchi, Adv., Ms. B. Sunita Rao, Adv., Ms. Pooja Sharma, Adv., Mr. Ritesh Kumar, Adv. And Mr. B. Krishna Prasad,Adv. For the Respondent : Mr. Arvind Datar, Sr. Adv., Mr. J. Shankar Raman, Adv., Mr. Mahesh Agarwal, Adv., Ms. Devika Mohan, Adv., Mr. Ankur Saigal, Adv. And Mr. E. C. Agrawala,Adv. ORDER The appellant/Department had issued certain show cause notices to the assessee namely M/s. Sai....

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....ere competitors. Earlier these very goods were manufactured by DRL under its own brand name. DRL initially acquired more than 80% shareholding in ARL. The entire shareholding was acquired by DRL and in fact ARL got merged into DRL under merger agreement which was sanctioned by the High Court of Andhra Pradesh. Insofar as the production unit of ARL, the DRL did not want to continue therewith and, t....

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....t was also alleged that the machinery of ARL which was sold by DRL to SMIPL was at lesser rate than the market rate and that too on soft terms inasmuch as the price thereof was to be paid in installments spread over to one year. The allegations were confirmed in the Order-in-Original which was passed by the Commissioner which resulted in demanding differential duty as well as penalty and interest.....