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2018 (3) TMI 395 - AT - Central ExciseValuation of intermediate product - Proteolysed Liver Extract and Pharma Reptone - Demands were raised against the Appellant by issue of show cause notices on the ground that as per section 4, the value of the goods shall be based on the value of the comparable goods or cost of production, if any - Held that: - the same goods are being purchased by the Appellant from five different manufacturers. The Appellant for the purpose of valuation of such captively consumed goods has made the invoices of all such manufactures as basis, we do not find any reason not to accept such prices of other manufacturer as comparable goods prices - matter remanded back to the adjudicating authority to verify the facts once again and to pass a reasoned order by valuing the goods in terms of Rule 6 (b) (i) of Valuation Rules and to make such adjustments as appear to be reasonable - appeal allowed by way of remand.
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