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 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.
|