2003 (7) TMI 351

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..... e Respondent. [Order per : C.N.B. Nair, Member (T)]. The appellants are an EOU, engaged in the manufacture of yarn. The present appeal challenges a duty demand of over Rs. 36,000/- and imposition of penalty of Rs. 10,000/-. In addition, there is demand for interest. 2. The differential duty demand is in respect of two clearances of reject yarn consignments to appellants own related uni .....

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..... well recognized that price of reject goods would be lower than the price of first quality. This consignment was captively consumed by the appellants related unit. 3. We have perused the records and have heard the learned SDR also. This is a case of sale to a related person. In such a case, the resale price of the related person to an unrelated person should constitute the assessable value. In t .....

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