2008 (7) TMI 197

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....te, for the Respondent. [Order]. - The respondents had supplied their products to two customers during the period from April to July 2001 on payment of duty on the assessable value determined on the basis of a certain price agreed between the appellants and the buyers under agreements valid for a previous period. It appears, long-drawn negotiations were going on between the appellants and their....

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....he goods were cleared on payment of appropriate duty, refund of such duty cannot be claimed after issuing credit notes to the buyer. The lower appellate authority has relied on the Tribunal's decision in Indian Aluminium Cables Ltd. v. Collector - 1997 (95) E.L.T. 386 (Tribunal), wherein it had been held that, if price was revised upwards or downwards in terms of price escalation clause in the con....