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2016 (12) TMI 220 - AT - Central ExciseValuation - metallic - reduction of value of bought out items supplied with manufactured goods - Held that: - We note, on careful consideration of the facts of the case, the Revenue has not contested the impugned findings on any legal basis. We find that the respondent had contract for supply of complete Fuse Switch Unit comprising of three components. Only one component is manufactured by them, the other two are bought out and supplied directly to the consignee. We find no reason as to why the respondent should not have a profitable trading of the two items bought and added to final consignment. In the absence of any allegation of manipulated or incorrect invoice/ transaction details, the reasoning adopted by the Commissioner (Appeals) cannot be faulted. There is no legal requirement that any bought out items are to be considered only on cost basis. The Revenue also did not support such plea with any legal basis - appeal dismissed - decided against Revenue.
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