2018 (2) TMI 64

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....ECHNICAL MEMBER For The Appellant : Shri Pakshirajan, Assistant Commissioner (AR) ORDER Per: B. RAVICHANDRAN The Revenue is in appeal against order dated 21.05.2003 of Commissioner (Appeals) Bangalore I. The respondents were engaged in the manufacture and clearance of Ready Panels liable to Central Excise duty. The dispute in the present case is relating to inclusion of amount shown in....

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....utable to debit note has been realized by the respondent. Holding these debit notes as fictitious, based on the submissions made by the respondent, the appellate authority held that no excise duty is liable on such debit notes. 2. The Revenue in the present appeal submits that as per the legal provision of Section 4 the actual receipt of consideration on the debit notes issued by the manufactur....