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2018 (7) TMI 1930 - AT - Central ExciseValuation - ‘SURF’ and ‘SUNLIGHT’ branded Bulk Detergent Powder - stock transfer to job-workers for packing into smaller consumer packs - included of ‘cost of service’ in assessable value - HELD THAT:- The issue is no more resintegra in view of the decision of the Hon’ble Supreme Court in the case of COMMISSIONER OF CENTRAL EXCISE, PUNE VERSUS CADBURY INDIA LTD. [2006 (8) TMI 2 - SUPREME COURT OF INDIA] . The Hon’ble Supreme Court has held that cost of production of captively consumed goods to be determined strictly in accordance with CAS-4, as laid down by the Institute of Cost and Accounts of India. In the present case the assessee was following the practice of collecting cost of Power, Water, Furnace Oil, HSD under the nomenclature ‘cost of service’. Subsequently with introduction of CAS-4 vide CBEC Circular dated 13.02.2003, the cost of production was arrived at in accordance with CAS-4 formerly and there was no occasion for addition to any other service expenses. Appeal allowed - decided in favor of appellant.
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