2008 (3) TMI 558

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..... Respondent. [Order per : P. Karthikeyan, Member (T)]. After hearing both sides on the stay application of the appellant we take up the appeal with the consent of both parties. 2. Heard both sides. 3. Appellant cleared spent solvents and used isopropyl alcohol (weak) on payment of duty during 1-4-2002 to 30-6-2005. They did not include the cost of drums in the assessable value and in .....

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..... Demand on this account is sustainable. However, as the relevant information was furnished in time with the department, demand can be sustained only to the extent relating to the normal period. We are also convinced that the short levy had occurred due to the genuine misunderstanding of the assessee as regards the valuation of the excisable goods involving containers in which inputs had been receiv .....

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