2008 (3) TMI 538

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..... [Order per : M. Veeraiyan, Member (T)]. Heard both sides on the stay petition. 2. The applicant is selling their final product writing printing paper and collecting transit insurance charges at a fixed rate of 0.4% of the sale price. During the relevant period from January, 2006 to October, 2006, they have collected totally an amount of about Rs. 25.95 lacs from the customers towards .....

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..... same. 4. The learned DR submits that the judgments relied upon by the learned Chartered Accountant relate to Section 4 as it stood prior to amendment on 1-7-2001. After the amendment the emphasis is laid on the actual transaction value of each consignment removed and whatsoever amount collected in connection with the sale was required to be added to the assessable value. 5. We have carefully c .....

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..... uty as per the order of the Appellate Authority. The applicant is not pleading any financial hardship. We direct the applicant to deposit the entire amount of duty demanded within eight weeks from today. Subject to the payment of the duty amount, we grant waiver the pre-deposit of the penalty imposed on them. 6. To come up for reporting compliance on 27-5-2008. (Dictated and pronounced in the .....

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