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2016 (12) TMI 1686 - CESTAT NEW DELHIValuation - certain goods cleared on stock transfer basis - Revenue entertained the view that the value of the two bought out items also need to be included for payment of excise duty - Held that: - excise duty can be charged only on the goods manufactured. The same is to be charged on the assessable value of the goods cleared from the factory - There is no dispute that lightening arrestor as well as insulator are bought out items which has been supplied from the head office along with goods manufactured in the respondent’s factory - It is nobody’s case that such deduction for bought out items is not to be extended - appeal dismissed - decided against Revenue.
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