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2011 (2) TMI 599 - AT - Central ExciseValuation in Case of Job-Worker - Extended Period of Limitation - The appellants M/s.Mahindra Ugine Steel Co. Ltd.are the manufacturers of motor vehicle parts and they undertake the said activity on job work basis, out of the raw materials supplied by M/s.Mahindra & Mahindra Ltd. The scrap generated during the process of manufacture was detained by the appellants and the cost of scrap has been reduced from the assessable value of the motor vehicle parts. In the issue of valuation - Held that :- When such a specific directions exists for consideration of Scrap value as part of Assessable Value. decided against Assessee. In the issue of extended period of limitation. - Held that :- When the appellants had entertained a bonafide belief that the value of the scrap was not an element of inclusion in the assessable value of automobile components. Decided in favour of Assessee. The impugned order set aside and remand the case back to the adjudicating authority to re-quantify the demand for the normal period of limitation.
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