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2014 (1) TMI 271 - AT - Central ExcisePCS sleepers sold at lower value to others Goods rejected by Indian railways - Waiver of Pre-deposit Held that - The applicant had sold around 100 pieces of PCS Sleepers at the transaction value to buyers other than Indian Railways - Prima-facie, after 1.7.2000, the transaction value is the basis for assessment of goods - the goods were sold at the transaction value, on which duty was paid by the applicants - the applicants are able to make out a prima-facie case for their favour Pre-deposits waived till the disposal Stay granted.
Issues: Application for waiver of predeposit of duty.
Analysis: The case involved an application for waiver of predeposit of duty amounting to Rs.10,981. The applicants had sold 100 pieces of PCS Sleepers to outside buyers after these were rejected by the Indian Railways in 2003. The Department issued a notice for recovery of differential duty on the lower value at which the sleepers were sold to buyers other than the Indian Railways. The adjudicating authority had ruled in favor of the applicants as they had correctly paid the duty based on the transaction value. The Department, represented by the ld. A.R., supported the findings of the ld. Commissioner (Appeals). Upon hearing both sides and examining the records, the Tribunal found that the applicants had indeed sold the sleepers at the transaction value to buyers other than the Indian Railways. It was undisputed that the goods were sold at a lower value than usual, prompting the Department to seek a higher value based on sales to Indian Railways. However, the Tribunal noted that post-1.7.2000, the transaction value serves as the basis for assessing goods. In this case, the goods were sold at the transaction value, and duty was duly paid by the applicants. Consequently, the Tribunal found that the applicants had established a prima facie case for a total waiver of duty. Therefore, the pre-deposit of duty was waived, and the recovery of the duty was stayed during the appeal process. The stay petition was allowed, and the decision was pronounced in the open court.
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