TMI Blog2015 (12) TMI 1353X X X X Extracts X X X X X X X X Extracts X X X X ..... this Bench on an appeal filed by Revenue on identical issue, held that the provisions of CAS-4 will apply not only prospectively but also for the period prior to issue of Board’s Circular dated 13.02.2003 - impugned order is correct and legal and does not suffer from any infirmity. - Decided in favour of assessee. - Appeal No. E/1999/05 With E/CO-344/05 - - - Dated:- 3-11-2015 - Mr. M.V. Ravin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was the case of the Revenue that respondent should have included the cost of selling and distribution expenses and expenses incurred by the corporate office in the assessable value and discharged their duty liability. The first appellate authority, in appeal before her, held that the valuation as adopted by the assessee is correct and is in consonance with the standards laid down in the CAS-4. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or determination of cost of production wherever the goods are captively consumed are not sold. As per these guidelines, especially CAS 4, can be included in the cost of production is the cost of Material Consumed, Direct Wages and Salaries, Direct Expenses, Works Overheads, Quality Control Cost, Research Development Cost, Packing cost, and Administrative Overheads relating to production. Adminis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ame cost has already been included in the cost of vehicle which is the final product and not included in the cost of individual component. In this view of the matter the Commissioner dropped the demand raised in the show-cause notice and also dropped the charges of penalty and recovery of interest. The department is in appeal before us against that order. 5. The only argument adduced is that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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