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2016 (12) TMI 1451 - CESTAT MUMBAIValuation - value of duty paid on chassis to be included in assessable value or not? - benefit of exemption N/N. 6/2003 dated 01/03/2003 and N/N. 241/86 dated 03/04/86 - Held that: - there is no substantial difference between the language of two notifications and therefore, the decision of the Tribunal in the case of Rubi Coach Builders Ltd. [1998 (11) TMI 309 - CEGAT, NEW DELHI], relied upon in the impugned order and the clarification issued by CBEC vide Circular No.350/3/86-TRU dated 10/12/86 is equally applicable to the instant case - it was held in the case of Rubi Coach Builders Ltd. that duty of excise paid on chassis was excludible from the assessable value of the motor vehicle if Modvat credit was not availed on the chassis - duty of excise paid on chassis is excludible - appeal rejected - decided against Revenue.
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