2004 (4) TMI 146

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..... Revenues appeal and the cross objection filed by Respondent. It is found - (a) Assessee is engaged in the manufacture of Fire Protection Systems Components. They clear the excisable goods to independent buyers as well as supply the same against 'Work Contracts' entered for Turnkey Projects at site. The valuation for the purpose of duty of excisable goods cleared for own use and for use .....

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..... based on value of like goods sold with adjustments. The respondents contesting that identical goods are not sold. They have not produced any evidence to substantiate the same. The lower authority has fixed the value under Rule 4 and no reasons are brought out, before us in this appeal to set aside that fixation. The valuation arrived at as per Rule 4 is upheld along with consequential duty demands .....

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