2009 (5) TMI 793

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..... [Order per : T.K. Jayaraman, Member (T) (Oral)]. In terms of the impugned order, the following amounts are required to be pre-deposited :- (i) Duty: Rs. 40,33,977/- under Section 11A(1) of the C.E. Act, 1944 (ii) Interest under Section 11AB (iii) Penalty Rs. 5,00,000/- under Rule 25 of the Central Excise Rules, 2002. 2. We heard both sides. 3. The applicants were enjoy .....

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..... lue in respect of the petroleum products cleared from the refineries on or after 6-9-2004 should be determined under Section 4 of the Central Excise Act, 1944 read with the Valuation Rules. In this case, the applicant has discharged the duty liability on the basis of the Transaction Value under Section 4 of the Central Excise Act. In view of this, prima facie, we do not find any merit in the deman .....

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