2006 (3) TMI 429

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..... vocate, for the Respondent. [Order per : C. Satapathy, Member (T)]. Heard both sides. In this case, the respondents cleared castings at the rate of Rs. 1034/- per kg and Rs. 525/- per kg to their Daman unit for manufacture of permanent magnet. A part of this castings was found to be defective and unsuitable for making magnets and such defective castings were detected during the course of .....

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..... nt appeal by the Revenue. 2. After hearing both sides, we find that the lower Appellate Authority in his order has not recorded the issue involved correctly and the reason for his order is not very pertinent. However, we find that the valuation adopted by the Original authority cannot be sustained as the value of the defective material cannot be as that of the first quality material used in a ma .....

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