2002 (9) TMI 230

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mber (J)]. - The appellants herein manufacture wood veneers at their factory in Gondia in Maharashtra and clear the same after payment of duty to their factory at Tinsukhia in Assam for captive consumption in the manufacture of plywoods. The value of the veneer for assessment at Gondia was arrived at by application of Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 on the basis of cost....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n and hence confirmed the duty demand, directed payment of interest, and imposed penalty equal to duty amount, confiscated plant machinery, etc., used by appellants to manufacture, store and remove the goods with option to redeem the same on payment of fine of Rs. 10 lakhs. She also imposed a penalty of Rs. 5 lakhs on Shri Jain, Administrative Officer of the appellant's company. Hence, these appea....