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2018 (3) TMI 97 - AT - Central ExciseValuation - deduction of notional profit where value of bought out items is included - Department was of the view that the appellant was required to pay duty on the price arrived at after deducting the landed cost of the bought out items and post removal expenses i.e. transportation, insurance, packing, forwarding, stacking, loading and unloading charges - Held that: - Since this material is not manufactured by the appellant but only supplied alongwith pipes, we are of the view that there is no mandate for including the value of such joining material - Since there is no justification in the first place, to include the make of bought out item, there can be no objection to the notional profit being deducted from the assessable value. Valuation - Includibility - cost of packing and loading charges - Held that: - the split up of various elements of cost are not available on record. Hence, for purposes of re-quantification on the basis of above observation, we remand the matter to the adjudicating authority after setting aside the impugned order who shall redecide the issue denovo. Appeal allowed by way of remand.
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