2005 (1) TMI 555

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..... Respondent. [Order per : Moheb Ali M., Member (T)]. The appellant is a 100% EOU licensed to manufacture Polyester Texturised Yarn. The allegation is that the appellant grossly undervalued Polyester Texturised Yarn while clearing it DTA in order to evade duty on such clearances. The value declared in the invoices for goods cleared to DTA ranged from Rs. 45/- to Rs. 30/- per kg. during th .....

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..... which goods were sold in DTA and to other EOUs. 5. After hearing both sides and perusing the records we observe that the Department made out a case of undervaluation only on the basis of invoices and CT-3 filed by the appellant during the relevant period. The documents relied upon by the Department clearly establishes this facts. It is not a case where assessee has suppressed/not furnished the c .....

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