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2014 (1) TMI 732 - CESTAT NEW DELHIRectification of Appeal - Clearance of castings made to other unit - Revenue was of the view that non inclusive of interest cost is not the only allegation and that bulk of duty demands on account of non-inclusive of 15% profit margin in the cost – Held that:- The assessable value in respect of clearances was to be taken on 115% of the cost of production and the cost of production for the purpose was to be determined interest of CAS-4 standard of ICWAI, in term of CAS-4, interest on loan was not includable in the cost - The department itself has accepted that appellants have discharged duty liability on cost of production plus 15% and thus plea in the ROM that the profit margin had not been included is not correct – Decided against Revenue.
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