Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2013 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 337 - AT - Central ExciseAddition of notional interest - Value of the goods manufactured on job work basis – Held that:- The addition of the advance amount received by M/s. INDAL from M/s. Powergrid Corporation in the hands of present appellant, who is only the job worker, cannot be said to be in accordance with the law - the amount was never received by the appellant and the Revenue has not shown that on account of receipt of said advance by M/s. INDAL the assessable value in the hands of present appellant gets depressed - for adding notional interest on advance received from the customers, Revenue has to establish that the assessable value get depressed on account of such receipt of advance – Following Commissioner of Central Excise, Mumbai vs. ISPL Industries Ltd. [2003 (4) TMI 99 - SUPREME COURT OF INDIA] – the test charges received by M/s. INDAL, from M/s. Powergrid Corporation of India, for conducting the special tests before delivery of the goods, cannot be said to have any relation with the manufacture – Decided in favour of Assessee.
|