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2016 (12) TMI 788 - CESTAT MUMBAIValuation - cost construction method - job work - We find that there is no dispute about the method of valuation to be done in respect of job work goods of the appellant i.e. as per the principle laid down in the Hon’ble Supreme Court judgement in the case of Ujagar Prints Etc.Etc. Vs. Union of India & Others [1989 (1) TMI 124 - SUPREME COURT OF INDIA]. The only dispute raised by the lower authority is the quantum of cost of manufacture - cost of DEO - cost of packing material - Held that: - From the certificate of Chartered Accountant, it is clear that the cost of DEO at Sr. No. 19 and packing material at Sr. No. 20 was included. We find that job charges of ₹ 103/- per kg. added which as per the agreement between the appellant and the principal supplier of the raw material - it is clear that the job charges is ₹ 103/- per kg., therefore there is no reason to take the job charges as ₹ 109/- per kg. In view of the above facts, it is very clear that the entire basis for rejecting the value declared by the appellant is factually incorrect. We, therefore, find that the valuation was done by the appellant and certified by the Chartered Accountant in the above referred certificate is correct. Accordingly, the impugned order does not survive, hence the same is set aside - appeal allowed - decided in favor of appellant-assessee.
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