Onus is on revenue to establish depression of assessable value; Matter Remanded back – SC

Urvashi Porwal Brief of the Case In the case of CCE V/s. Hindustan National Glass and Industries Limited, it was held by Hon;ble Supreme Court that the onus is on the revenue to establish that there has been depression of assessable value and that being the thrust of the matter, liberty is granted to the revenue to produce the documents in this regard to discharge the onus. Brief facts of the Case A show cause notice under F. No. Prev/CEX/AEI/OBL/ 141/99/797 dated 16th August, 2002, was issued to M/s. Owens Brockway (I) Pvt. Ltd., the predecessor-company of the respondent which is presently kn...