2016 (7) TMI 553

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....e of manufacture of ingots. A case was booked against M/s.Greaves Ltd. alleging that they have under valued the scraps. The said case against M/s.Greaves Ltd. was adjudicated by the commissioner, Pune-I and a duty of Rs. 35,11,524/- was confirmed. M/s.Greaves Ltd. opted for KVSS scheme and settled their dues. M/s.Greaves Ltd. were sending bronze scraps to another party, namely, M/s.Transmissions, Bombay. M/s.Transmissions, Bombay was also converting the scraps received from M/s.Greaves Ltd. into ingots. M/s.Transmissions, Bombay was assessing the ingots at a value higher than that the value adopted by the appellant. A show-cause notice was issued to the appellant seeking to enhance the value of the ingots by adoption of the comparative pric....

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....e appellant in the invoice mentioned that amount indicated represents the price actually charged and there is no offer of additional consideration directly or indirectly by the buyers . He argued that this assertion on the invoice indicates that the scrap was purchased by the appellant from M/s.Greaves Ltd. He further argued that the Commissioner (Appeals) had earlier remanded the matter to original adjudicating authority on the basis of assertion of the appellant that they had purchased the scrap from M/s.Graves Ltd. under Rule 52A. He argued that under these circumstances, the appellant cannot claim that the ingots were manufactured by them on job work basis. He further argued that in the case of Tigrania Metal & Steel Industries Pvt. Ltd....