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2016 (10) TMI 64 - CESTAT HYDERABADJob-work - Demand alongwith interest and penalty - differential duty - revision of assessable value, in spite of increase in cost of raw materials - Held that:- it is seen that in the impugned order it has been held that the transactions between appellant and buyer is on principal to principal basis. The appellants contention that they are selling the paints on principal to principal basis and sale prices are arrived at after taking into account various cost of production for manufacturing the product was held as correct. The issue has been analysed by the Tribunal in their own case reported in [2010 (9) TMI 315 - CESTAT, BANGALORE] where it was categorically held that the conclusion of lower authority that the relationship between appellant and Sigma is that of job worker and principal manufacturer is incorrect. Therefore, by following the same, we hold that the demand is not sustainable. - Decided in favour of appellnat
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