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2019 (8) TMI 1101 - AT - Central ExciseValuation - ‘submerged arc welded pipes’ to the extent of charges paid for outsourced inspection by agencies on the insistence of some customers - section 4 of Central Excise Act, 1944 - HELD THAT:- ‘Transaction value’ is the price that is paid, or payable, for the goods procured by the customers - It is not in dispute that the testing agency, even if nominated by customers, is compensated for by none other than the appellant and that the amount is recovered from the customers as a cost of production and supply. It would, therefore, appear that the assessable value, as computed by the lower authorities, does reflect the transaction value. Appeal dismissed - decided against appellant.
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