GST Help   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
GST - Acts SGST - Acts GST - FAQ GST Rates, Exemption CGST Notif. IGST Notif. Exempt Income Salary income
Extracts
Home List
← Previous Next →

2017 (6) TMI 508 - CESTAT NEW DELHI

2017 (6) TMI 508 - CESTAT NEW DELHI - TMI - Valuation - Internal Transfer Orders - Inter Plant Transfer - Rule 8 of the Valuation Rules - Held that: - the certificate issued by the Chartered Engineer was not produced to the adjudicating authority. He assured that same can be produced at the time of hearing. When it is so, then we remand the matter to the original authority by setting aside the impugned order - appeal allowed by way of remand. - Excise Appeal No. 52251 of 2014 - Final Order No. 5 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ts of the case are that during the period under consideration the appellant was engaged in the manufacture of iron and steel products in its Bhilai plant falling under Chapter 72 & 73 of the First Schedule to the Central Excise Tariff Act, 1985. The appellant has used a part of finished goods as the raw material for captive consumption in the factory, mines or township in project work and also sometimes in other plants of SAIL. The dispute is with reference to such Internal Transfer Orders ( .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

saction value was less than 110% of the cost of production as required under Rule 8 of the Valuation Rules. But the plea of the appellant that the transaction values to independent third parties were adopted for payment of duty, was not accepted. The Commissioner in its order has confirmed the demand on IPT and also on ITO clearance with interest and equivalent penalty. Being aggrieved, the appellant has filed the present appeal. 2. With this background, we heard Sh. Amit Jain, ld Counsel for th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| 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