2018 (12) TMI 7

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..... r/AR for the Respondent. ORDER Per: M.V. Ravindran. 1. This appeal is directed against the Order-in-Appeal No.23/2008 (H-IV) CE dated 31.03.2008. 2. Heard both sides and perused the records. 3. On perusal of records, we notice that the issue is regarding valuation of P or P medicaments during the period 21.05.2004 to 08.01.2005. 4. Appellant herein is a loan licensee of M/s Uni-Sankyo Ltd .....

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..... appellant should be based upon the value of raw material in hands of appellant (+) value of job work done (+) manufacturing profit and manufacturing expenses but held that appellant having not done so, cannot claim the deduction of discounts extended by the said M/s Uni-Sankyo Ltd. 5. Learned counsel submits that the issue is now squarely covered by the judgment of the Apex Court in the case of .....

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..... es and profit of the job workers, as per Circular No. 619/10/2002-CX., dated 19th February, 2002 and the law laid down by this Court in the case of Pawan Biscuits (supra) and other cases. In such a case, the price at which the respondent brand owner sells its goods would not be the assessable value because the duty is to be paid at the stage at which the goods are manufactured and not at the stage .....

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