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Tata Steel Ltd. Versus Commissioner of Central Excise, Mumbai

2016 (1) TMI 699 - CESTAT MUMBAI

Valuation of the goods for which job work was undertaken - determining the cost of an excisable product - whether the Central Excise duty paid on inputs needs to be included in the costing of the final product for arriving at the assessable value or .....

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osting of final product as the availment of Cenvat credit neutralizes the impact of the duty on costing of the finished products. Following the judgement, we hold that the basic allegation of non-inclusion of Central Excise duty paid on inputs needs .....

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e calculated on the basis of the law settled by the Apex Court as cited hereinabove. - Appeal No. E/3423, 3424/05 - A/85114-85115/16/EB - Dated:- 4-12-2015 - Mr. M.V. Ravindran, Member (Judicial) And Mr. C.J. Mathew, Member (Technical) For the Petiti .....

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sed the records. 3. On perusal of records, we find that the issue involved in these two appeals is regarding the valuation of the goods for which job work was undertaken by the appellant. The appellant had filed by the declaration of the price as sub .....

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the periods March 1999 to March 2003 and April 2003 to December 2003. It is the case of the revenue that the appellant had paid the duty correctly and liable to pay differential duty. 4. Learned Counsel submits that appeal number E/3423/05 is demandi .....

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the case of Daiichi Karkaria - 1999 (112)ELT 353 (SC) has settled the law inasmuch as that Central Excise duty paid on the inputs need not be included for the purpose of arriving at the correct costing of final products. As regards appeal number E/34 .....

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hand would reiterate the findings of the lower authorities. 6. On consideration of the submissions made by both sides, we find that the issue that needs to be decided in these cases is whether the Central Excise duty paid on inputs needs to be inclu .....

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pex Court has held that the Central Excise duty paid on the inputs need not be included for arriving at the costing of final product as the availment of Cenvat credit neutralizes the impact of the duty on costing of the finished products. Following t .....

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