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2018 (2) TMI 917 - AT - Central ExciseValuation - includibility - scrap retained - The department took the view that during the period 2004-05 the appellants had retained scrap value of ₹ 24,30,687/- which value was required to be added to the assessable value - Held that: - Rule 6 of the Valuation Rules introduced on 01.07.2000 has amplified the earlier Rule 6 and as also added an Explanation thereto, however, even in the new Rules, there is no provision for non-inclusion of value of scrap where job worker has retained the scrap or sold it of - It is also not the case that the entire value of landed cost plus rate charges plus job work charges have been fully included in the value on which duty has been paid by the appellant. There definitely is a depression in the value adopted by the appellant proportionate to the value of the scrap - decided against appellant. Time limitation - Held that: - there is no bonafide on the part of appellant, therefore, the appellant s plea on limitation which also fail. Appeal dismissed - decided against appellant.
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