2004 (2) TMI 407

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....ellant. Shri Naveen Mullick, Advocate, for the Respondent. [Order per : Justice K.K. Usha, President]. - The issue raised in these appeals at the instance of the assessee is whether the value of syringe which is admittedly a bought out item has to be added in arriving at the assessable value to the P & P Medicine manufactured by it and cleared for the reason that it has combination packet....

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....n of the Supreme Court in Shriram Bearings Ltd. v. C.C.E., Patna - 1997 (91) E.L.T. 255 (S.C.). Reliance has also been placed by the learned Counsel on the decision of the Supreme Court in PSI Data Systems Ltd. v. C.C.E. - 1997 (89) E.L.T. 3 (S.C.). 4. In Shriram Bearings Ltd., the issue came up for decision before the Hon'ble Supreme Court was one relating to the value for the purpose of ....

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....tariff entry at the relevant time which read, "rolling bearings, that is to say, ball or roller bearings, all sorts", the Supreme Court observed that what fell under this entry were the ball bearings and not what, admittedly, are the accessories thereof. Under these circumstances, it was held that value of accessories cannot be added to the assessable value of the ball bearings. 3. We find....