TMI Blog2018 (2) TMI 632X X X X Extracts X X X X X X X X Extracts X X X X ..... llaneous income was adhoc income which was generated by selling the scrap like sale of old drums and furniture, etc - appellant has also received advances from the customers which was not return during the period under consideration but remained as outstanding in the balancesheet - the said income cannot be added to the value of final products. CENVAT credit - Compensation received by the appel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e and printing of packaging material for various food items for the period April 2002 to September 2007. The department found that the assessee has shown miscellaneous income under the various components like scrap sale, drum sale to the employees and also it was found that the appellant has received compensation for supplying the inferior ink a sum of ₹ 6,32,397/-. In the show cause noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed as outstanding in the balancesheet. Hence, the said income cannot be added to the value of final products. 5. However, regarding the compensation received for supplying the inferior ink, the Commissioner directed the appellant to reverse the credit. The compensation is a regular activity and this was an income of the appellant which was to be added to the value of the goods. The Commissioner ..... X X X X Extracts X X X X X X X X Extracts X X X X
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