2009 (8) TMI 1002

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..... ver of pre-deposit of the following amounts :- (i) The duty of Rs. 3,77,695/-. (ii) Interest (not quantified) under Section 11AB of Central Excise Act, 1944 (the Act). (iii) Penalty of Rs. 3,77,695/- imposed on M/s. Innosoft Technologies Ltd. under Section 11AC of the Act. (iv) Penalty of Rs. 10,000/- imposed on Smt. K. Saraswathy, Executive Director of the appellants firm under Section 2 .....

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..... ies along with those supplied by M/s. PPL and manufactured Polyset brand goods. In the impugned order, the Commissioner came to the conclusion that the applicants have not arrived at correct value for discharging duty liability for the goods manufactured and cleared to M/s. PPL. The differential duty has arisen on the ground of non-inclusion of Insurance charges and difference between the annual .....

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..... f Rule 6 of the Central Excise (Valuation) Rules, 2000 for the purpose of correct valuation. It is an undisputed fact that the applicant was not getting machinery on free of charge, but was paying lease rent to M/s. PPL for the machinery. We find that the Insurance charges and difference between the annual interest on the loan paid for the purchase of the machineries and the lease charges recovere .....

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