2018 (12) TMI 1755

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....cture of excisable goods falling under Chapter 29 and 38 of the Central Excise Tariff Act, 1985. During the disputed period, on an intelligence, the Central Excise Officers searched the records/documents maintained by the appellant in its two plants located at Lote Parshuram and Dombivali. On detailed investigation into the matter, the officers found that the appellant had evaded payment of central excise duty on account mis-declaration and by suppressing the proper assessable value on stock transfer of goods from one plant to the other. Accordingly, show cause proceedings were initiated against the appellant, which culminated into the adjudication order dated 29.09.2006, wherein central excise duty demand of Rs. 8,91,129/- was confirmed al....

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....ere sold to the independent buyers. 4. On the other hand, the learned AR appearing for the Revenue reiterated the findings recorded in the impugned order. 5. Heard both sides and perused the records. 6. We find that the issue arising out of the present dispute is no more res integra, in view of the order dated 13.04.2018 passed by the this Tribunal in the case of the appellant, for the earlier period. By placing reliance upon the Larger Bench judgment in the case of Ispat Industries Ltd. Vs. CCE, Raigad [2007 (209) E.L.T. 185 (Tri.-L.B.)], this Bench of the Tribunal has held that the method of valuation adopted by the appellant is correct. The relevant paragraphs recorded in the order dated 13.04.2018 are extracted herein below: ....