2001 (3) TMI 426

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The impugned order has raised a duty demand ot Rs. 13,444/- and imposed a penalty of Rs. 2,000/-. The dispute is with regard to valuation of the steel items manufactured by the appellants. The appellants were selling the products at different prices to parties located at different locations. The Excise Authorities have held that the ex-factory price at Faridabad, which happened to be the high .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ted at different states had to be accepted for valuation of goods. 2. We have heard the ld. SDR also. 3. The price variations are explained by the appellant as the result of regional differences. There is no evidence on record to show that these prices were not commercial prices. There is nothing on record to show that depressed prices have been deliberately entered in the books of accounts or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X