2017 (8) TMI 151

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or the Respondent(s) ORDER Per: Ashok Jindal The appellant is in appeal against the impugned order wherein demand on account of advertisement expenses sought to be added in the assessable value of the goods cleared by the appellant during the period December, 2004 to July, 2005. 2. The facts of the case are that the appellant is engaged in the manufacture of Iron Castings for the Automobile/Tr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s also imposed on the appellant. Aggrieved from the said order, appellant is before us. 3. The Ld. Counsel for the appellant appeared before us and submits that it is not a case of the Revenue that these expenses have been recovered from the buyers of goods. Moreover, all these expenses have been debited in the Profit and Loss account which implies that the expenses incurred by the appellant have .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or not? 7. Admittedly, the expenses have been incurred by the appellant themselves and they have been debited in their Profit and Loss account and no part of these expenses have been recovered from the buyers, in that circumstances, the assessable value declared by the appellant is correct and these expenses have already formed of the part of assessable value. In that circumstances, the allegati .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X