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2013 (12) TMI 985 - CESTAT NEW DELHIDisallowance of the value of rubber ring - Cost of rubber ring includes other costs to bring it to factory gate and other incidental costs Held that:- The deduction in respect of bought out item should be limited to the cost of rubber ring only and not beyond that - Claim of deduction by the appellant being excess over the cost of the rubber ring, the excess amount had depressed the assessable value which should be dutiable - Mere information to the department does not erode the culpability nor with the passage of time legalises an illegality the contravention does not vanish by plea of time bar thus, penalty was rightly imposed Decided against assessee. Levy of duty on the excess transport charges recovered from the buyers Held that:- Levy of duty not being forming part of assessable value, such profit is out of scope of levy of duty under Central Excise Act, 1944 Decided in favour of Assessee.
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