2004 (7) TMI 145

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....s at length. The issue relates to valuation of the impugned goods cleared from one factory of the appellants to another factory under the new Valuation Rules brought into effect from 1-7-2000. The appellants continued to clear the impugned goods as per the values determined under the old rules but under intimation to the department. Subsequently, they re-determined the value for the consignments c....

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....department's case that the appellants should have paid differential duty of Rs. 1,44,94,102/- and claimed refund of Rs. 26,68,651/- instead of paying the adjusted amount of Rs. 1,18,25,451/-. We think that such a course as contended by the department would have resulted in an unnecessary exercise, particularly when any additional payment or refund would have resulted in variation of the credit at ....