2007 (5) TMI 90

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..... EB) - Dated:- 8-5-2007 - [Order per : Jyoti Balasundaram, Vice-President]. - We have heard both sides on the application for waiver of pre-deposit of duty of Rs. 9,59,000/- and penalty of Rs. 1,00,000/-. The duty stands confirmed by reassessment and redetermination of the assessable value of ophthalmic lenses manufactured and cleared by the applicants in March 2002 for DTA sales to their sister .....

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..... he relationship had influenced the price and the department has not adduced any material to this effect. Further, prima facie the export price cannot be relied upon for the purpose of determination of transaction value in the light of Rule 8 of the Customs (Valuation) Rules, which mandates inter alia that no value shall be determined under the provisions of this Rule on the basis of the price of .....

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