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2022 (7) TMI 1239 - CESTAT KOLKATAValuation - Job work - addition of the value of waste and scrap cleared by the appellant in the assessable value - non-accounting of the waste and scrap that was arising during the process of conversion and retained by them - HELD THAT:- Undisputedly in the present case, the goods and wire rods have been cleared for payment of duty on the value fixed by the TISCO for whom appellants have performed the job work. Since the value adopted was the clearance of the goods as fixed by TISCO for the customer of Tisco it would have taken into account all the wastes including the value of waste and scrap retained by the appellants. All the components going into the value would have thus formed part of the assessable value for such clearances. It is not the case that job work charges have been suppressed to the extent of the value of waste and scrap in the present case as goods have been cleared on actual value fixed by TISCO. There is no merit in the appeal - Appeal of Revenue dismissed.
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