2012 (9) TMI 456

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..... o, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. - Duty demand of Rs. 8,328/- (BED) together with cess of Rs. 65/- and penalty of Rs. 5,000/- confirmed by the authorities below stands challenged in the present appeal - the demand has been confirmed on the ground that since the price for 2 nos. of 'Demo Bikes' was 50% lower than the price fixed for retail customer, t .....

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..... interest. However, penalty is not warranted for the reason that the assessees have received only the amount as charged on invoices and paid the duty on the transaction value and the demand is also within the normal period of limitation. We, therefore, set aside the penalty. 4. In the result, the appeal is partly allowed by upholding duty demand and interest but setting aside penalty. (Opera .....

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