2005 (2) TMI 171

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..... valuation of vibration monitoring machines imported by the appellant from its Holding Company in the United States. The Holding Company is the manufacturer also. 2. The facts of the case are that all sales to India by the Holding Company are based on list price. Direct buyers obtained discounts. The discounts are at various rates. In the case of BHEL, the discount was found to be 17.5%. The Hol .....

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..... owed for the purposes of assessment inasmuch as it is on account of the 'level' of trade. The submission is that, while the appellant is a trader who buys and resells, BHEL is a consumer. The Counsel for the appellant has pointed out that difference between trader price and consumer price remains accepted in the valuation rules, inasmuch as adjustment on account of level of trade is specifically p .....

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