2018 (3) TMI 1118

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....nt Shri Sanjay Hasija, Supdt. (AR), for Respondent Per: Archana Wadhwa A very short issue is involved in the present appeal i.e. as to whether the amortized cost of the Dies/Moulds being provided by the customer for whom the appellant is doing the job-work, is required to be added to the assessable value of the product or not. 2. Learned Advocate fairly agrees that the issue stand deci....

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....n the present appeal is to penalty of Rs. 1.61 lakhs, which is equivalent to the duty involved. She submits that the original adjudicating authority gave the finding that there was no suppression on part of the assessee and as such, he imposed lower penalty of Rs. 5000/- only. The Commissioner (Appeals), on an appeal by the Revenue, raised the penalty equivalent to duty amount. Inasmuch as the fin....