2009 (12) TMI 842

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..... lding Tools and Spare parts. The goods were cleared provisionally on RD of l% of the assessable value, pending valuation by the SVB of the department. Subsequent to the final SVB order, the appellants filed a refund claim of the RD. The adjudicating authority finalized the case and sanctioned the refund claim but the same was credited to the Consumer Welfare Fund as the appellants had failed to pr .....

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..... acceptance of transaction value the RD @1% amounting to Rs. 30,249/- was refundable to the appellants. However, it is the finding of the original adjudicating authority that the amount claimed as refund was not shown as recoverable in the current assets heading in schedule 4 of the balance sheet, which showed current assets, loan and advances, but shown in profit and loss account under the su .....

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