2011 (8) TMI 667

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..... lated) buyers. - E/3921 of 2005 - - - Dated:- 16-8-2011 - Ms. Jyoti Balasundaram, Shri Rakesh Kumar, JJ. Appearance: Shri B.L. Narasimhan, Advocate for the appellants Shri R.K. Verma, Authorized Departmental Representative(DR) for the Revenue Per Ms. Jyoti Balasundaram: The demand of Rs.3,15,44,454/- confirmed by the Commissioner, Central Excise is challenged by the asse .....

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..... e case of M/s Prakash Industries Ltd. vs. C.C.E., Raipur as reported in 2010 (180) ECR 0041. Following the ratio of the Apex Court cited supra, we hold valuation is to be done by adopting the price at which the assessees sold the goods to independent (unrelated) buyers. Although the learned Counsel for the assessees submits that duty has been discharged on such price, this fact requires verificati .....

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