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2010 (7) TMI 498 - AT - Central ExciseWaiver of pre-deposit - Valuation - The appellants are engaged in the manufacture of liquid glucose - A show cause notice was issued to the appellant on the ground that the appellant had failed to add the cost of M.S./HDPE barrels received free-of-cost from the buyers for packing the product manufactured by the appellant to the transaction value of the said product. The cost of the packing material supplied free-of-cost to the assessee would amount to an additional consideration flowing from the buyer to the assessee in relation to the goods sold - The entire value of such barrels has to be considered at every occasion of supply of such barrels to the assessee - Only proportionate cost will have to be included in the transaction value for each consignment of liquid glucose - Prima facie case has been made out for waiver of the amount demanded - The liability to be calculated by applying the principle of amortised cost - The appellant shall be liable to deposit an amount of Rs. 2,75,000/- out of the total amount demanded
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