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2016 (8) TMI 579 - AT - Central ExciseValuation - paper reels sent from factory to cutting centres for conversion into sheets - sold from the depot - whether the freight and insurance charges from factory to cutting centres and handling charges at the cutting centres must be included on the assessable value - Held that:- the same issue has been decided by the Tribunal in the appellant's own case [2011 (4) TMI 800 - CESTAT, NEW DELHI] by relying on the decision of Hob'ble Apex Court in the case of Union of India vs. J.G. Glass Industries Ltd. [1997 (12) TMI 110 - SUPREME COURT OF INDIA], wherein it was held that value of the goods, when the duty on the same is chargeable at an ad-valorem rate, has to be taken as the value of the goods in the form in which the same had been cleared at the time of removal and since in this case, it is the reels which had been cleared from the factory on payment of duty, which subsequently after being cut into sheets were sold from the depot, it is the value of the reels which has to be adopted for charging duty and the cost of transportation and insurance from factory gate to the cutting would not be includable in the assessable value. - Decided in favour of appellant
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