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2009 (3) TMI 188 - CESTAT, KOLKATAValuation - After perusing the case records and hearing both sides, we find that the respondents have calculated the value in respect of semi-finished batteries transferred to their other unit by applying the cost computation method under Rule 8 of the Central Excise Valuation Rules, 2000. - It also transpired that while calculating the cost, the respondents have applied de-escalated price of lead, which is the main raw materials for manufacture of batteries - We find that the Rule provides for cost computation method and it is obvious that while computing cost, the escalation or de-escalation charges for the raw materials has to be taken into account as has been done in this case. - Hence, we find no merit in the department’s appeal and the same is dismissed.
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