1996 (3) TMI 310

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....r the Respondents. [Order per : Lajja Ram, Member (T)]. -  In this appeal filed by M/s. Universal Wires and Industries, Patna, the issue for our consideration is whether the drawback amount which the appellants got from the Government should be included in the assessable value of the wires and cables. The appellants were engaged in the manufacture of wires and cables. Some of the wires ....

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.... the appellants knew that they are going to get extra benefit from the sale and that they will be getting duty drawback in respect of excisable goods sold. In their Price List they did not disclose this benefit and declared their prices shorn of this extra consideration. As it was a case of a flow back and an extra consideration, this duty drawback amount should form part of the assessable value o....

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....assessable value of wires and cables. 4. In the case of World Bank Aided Projects, there is a requirement that global tenders had to be floated. The Indian parties are eligible to offer their bid in such global tenders if they are otherwise eligible. With a view to encourage the Indian parties to bid for global tenders, as in the case of export benefits including duty drawback have been ex....