2004 (10) TMI 468

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.... for the Appellant. Shri Lajja Ram, Advocate, for the Respondent. [Order per : V.K. Agrawal, Member (T)]. - Revenue has filed this appeal against Order-in-Appeal No. 259/2003, dated 20-6-2003 by which the Commissioner (Appeals) has allowed the deduction of Rs. 10/- from the assessable value of Electric Energy Meters manufactured by M/s. Modern Instruments (P) Ltd. being charges for freigh....

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....ation of meters and it is clearly mentioned in the order placed for transportation of meter that the said charge of Rs. 10/- is only freight and insurance charge up to said head destination station and thirty days thereafter. The learned SDR has contended that the Respondents themselves, under letter dated 30-11-2002 has furnished the break up of Rs. per meter as under : (i)   &n....

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....r Meter are other charges which do not come within the purview of freight and insurance and as such is to be included in the assessable value of the meters. On the other hand the learned Advocate for the Respondents submitted that as per Contract dated 8-5-2002 with the U.P. Power Corporation, the ex-work rate was Rs. 273.40 Per Meter on which excise duty had been paid; that as per Supplementary O....