2012 (4) TMI 517

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..... es received by the respondent from Sigma had a bearing on the assessable value of the goods. No nexus between the two has been established - The duty paid by the respondent on the assessable value based on the agreed price is in order and no further amount of duty is liable to be paid - Decided against Revenue.
Shri P. G. Chacko and Shri M. Veeraiyan, JJ. For the Appellant: Mr. N. Jagadish, Su .....

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..... a notional interest thereon was also liable to be included in the assessable value of the goods. The show-cause notice accordingly raised a demand of differential duty on the respondent, which was contested. In adjudication of that dispute, the original authority confirmed the demand of duty against the assessee and imposed on them equal amount of penalty. Aggrieved, the assessee (the respondent) .....

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..... or selling price of the goods. It is submitted that the advances enshrined the selling price as no normal buyer would pay advance for purchase of raw materials and for other incidental expenses in a normal sale transaction. The learned Superintendent (AR) has reiterated these averments contained in the memo of appeal. 3. The learned counsel for the respondent argues in support of the appellate Co .....

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