Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Trichy Steel Rolling Mills Ltd. Versus Commissioner of Central Excise, Tiruchirapalli

2016 (2) TMI 202 - CESTAT CHENNAI

Duty liability - whether the finished goods i.e. bars and rods and ingots and billets lying in stock as on 1.8.99 is chargeable to duty at specific rate of duty as per the notification No.50/97 or standard rate of 16% advalorem? - Held that:- Commissioner (Appeals) in his order has dealt the issue in detail and clearly brought out that appellants have failed to produce any evidence that stock of goods lying in appellant's factory were manufactured prior to 1.9.1997. Further, we find that Revenue .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ow that the stocks were prior to 1.9.97 we find that rate of duty is applicable is as per the tariff rate of 16% advalorem. Therefore, we do not find any infirmity in the order of Commissioner (Appeals). Accordingly, the impugned order is upheld and the appeal is rejected. - Decided against assessee - Appeal No. E/412/2004 - Final Order No.40143/2016 - Dated:- 29-1-2016 - SHRI R. PERIASAMI, TECHNICAL MEMBER AND SHRI P.K. CHOUDHARY, JUDICIAL MEMBER For the Petitioner : Shri C. Ramkumar, Advocate .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

and ingots and billets. Against which Revenue filed appeal before Commissioner (Appeals). Commissioner (Appeals) in his impugned order set aside that portion of the order dropping differential duty and ordered for recovery of the demand as per SCN. 2. Ld. advocate for the appellant submits that as per Notification No.50/97 dt. 1.8.97 they have paid specific rate of duty on the stocks of finished goods lying and declared on 1.8.99 prior to opting for Section3A. He further submits that once they .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

garh Vs Asian Alloys Ltd. - 2007-TIOL-183-SC-CX. 3. On the other hand, Ld. A.R for Revenue reiterates the findings of Commissioner (Appeals) and also submits that as per Notfn 50/97 payment of duty at specific rate of duty is applicable for the stock of finished goods manufactured or produced prior to 1.9.97 whereas in this case appellants have opted for compound levy scheme w.e.f. 1.8.99 after two years. He also submits that as per appellant's own returns filed to the department for the mon .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version