2002 (8) TMI 192

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....r (J) (Oral)]. - This is an appeal filed by the Revenue. Smt Radha Arun, ld. SDR appearing for the Revenue submits that in view of the difference of figures as shown in RG-1 and in the balance sheet the department was justified in determining the assessable value based upon the figures shown in the balance sheet in view of the decision of the Tribunal in the case of Usha Rectifiers Corp. Ltd. v. C....

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....figure of 29,049.745 MTs. The purchase and sale invoices relating the aforesaid quantity of 2,283.235 MTs were got verified and found to be correct as stated by the assessee. Since, there is no duty liability on the goods purchased and sold as such, I find that the show cause notice is not sustainable." 3. We have considered the matter. We find that the figures in the balance sheet was clarifie....