CEGAT Upholds Decision on Assessable Value Exclusion

COLLECTOR OF CENTRAL EXCISE, BOMBAY Versus STANDARD METAL WORKS

COLLECTOR OF CENTRAL EXCISE, BOMBAY Versus STANDARD METAL WORKS - 1998 (98) E.L.T. 447 (Tribunal) The Appellate Tribunal CEGAT, New Delhi dismissed the appeal filed by the department challenging the order passed by the Collector (Appeals), Bombay. The respondent, a job worker, was not required to add packing cost and melting loss to the assessable value. The tribunal held that the assessable value should include only the cost of raw materials and processing charges, including the margin of profit of the job worker. The appeal was dismissed as the respondent had followed the instructions given by the Assistant Collector.