2011 (7) TMI 354

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.... After hearing both the sides duly represented by Shri P.M. Dave, learned advocate appearing for the appellants and Shri J.S. Negi, learned SDR appearing for the Revenue, we find that the appellant is engaged in the manufacture of casting iron and S.G.I. Castings falling under Chapter 73 of Central Excise Tariff Act, 1985. For the manufacture of the said goods, they required moulds and dies, whic....

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....s only paid for the same and subsequently the cost was reimbursed by their buyers. As such, in our views, raising of demands on the value of the patterns, is not justified.   3. However, it is well settled law that the value of such moulds and dies is required to be added in the assessable value of the final product on pro-rata basis. Though, the learned advocate has submitted before us that....