CESTAT rules galvanization charges not part of assessable value for M.S. Bolts

The Appellate Tribunal CESTAT, New Delhi dismissed the Revenue's appeal against a duty recovery order for M.S. Bolts. The Tribunal held that galvanization charges could not be included in the assessable value of the Bolts as it was conducted after clearance by independent parties.

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The Appellate Tribunal CESTAT, New Delhi heard an appeal filed by the Revenue against a duty recovery order for M.S. Bolts. The respondents were engaged in manufacturing Bolts, clearing them to depots, and then sending them for galvanization. The Tribunal found that galvanization charges could not be included in the assessable value of the Bolts as it was done after clearance by independent parties. The appeal was dismissed.

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