2004 (8) TMI 436

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..... inghal, JDR, for the Respondent. [Order per : S.S. Sekhon, Member (T)]. Appellants are an assessee engaged in the manufacture of Plastic Moulded articles supplied to various OE manufacturers and their Director. They are aggrieved by the demands of duties made on the assessee along with penalties and interest penalty under rule 209A on the Director, consequent to a proceedings initiated. .....

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..... factory, directing them to add the entire amount of such Development Charges and Tribunal had remitted the matter back for quantification by amortization recovery formula and they were following the same by adding the amortization amounts to determine the value. However, the Commissioner did not find that to be factually correct, he confirmed the demands and passed the impugned order. (b) The i .....

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..... % over the entire supplies effected. For this purpose the demand is to be reworked. This addition now determined, has to be over the 15% amortization if already effected by the assessee to recover their cost from the price of 50,000 pieces as per the agreement. For the Rear Bumper 50% cost has to be amortized over the bumpers cleared and duty worked out. (c) Since the issue is only now regards r .....

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