2001 (8) TMI 778

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..... , for the Respondent. [Order per : Gowri Shankar, Member (T)]. The appeal permitted to be retained here, on the ground that the appellant s registered office and head office are in Mumbai. 2. The application is for waiver of deposit of duty of Rs. 85.66 crores and a penalty of Rs. 10.00 crores. 3. The applicant has a factory at Tuticorin where it manufactures copper anodes. It transf .....

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..... notionally, there being no sale. He has found it more appropriate to take the profit of the Silvasa unit. The counsel for the applicant contends that the expenditure that was shown by this factory towards purchase of raw material is equally notional, being the same figures that were applied by the Tuticorin unit that were taken by the Tuticorin factory as its sale. It would therefore be equally un .....

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