2007 (2) TMI 46

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..... - Final Order no. A/647/2007-WZB/Ah’bad - Dated:- 20-2-2007 - [Order per : M. Veeraiyan, member (T)].- This is an appeal against the Order of Commissioner Central Excise Customs, Daman No.10/Demand/DAMAN/2004, dt.23-8-2004, by which he has confirmed a duty demand of Rs. 50,62,729/- and imposed equal penalty u / s 11AC in addition to demand of interest. 2. Heard Learned SDR for the Departm .....

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..... ment held that the value of input for the purpose of paying duty/reversing the credit should be 115% of the invoice value and accordingly confirmed the demand of differential duty of Rs. 50,62,729/- along with interest besides imposition of penalty as mentioned earlier. 4. We have carefully considered the submissions. If the inputs were cleared by the appellant company to a 3rd party, as per r .....

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