2013 (11) TMI 1153

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....e applicants are engaged in the manufacture of tractor parts on job work basis of M/s. TAFE Ltd. The applicant paid duty on conversion charges. There is a demand of duty of Rs.30,54,136/- along with interest and penalty of equal amount on the ground that the applicant had not included the value of scrap generated during the process of finished goods in the conversion charges, which they have sold ....

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....ding of the Commissioner (Appeals). He submits that by excluding the value of scrap from the assessable value, the applicant depressed the assessable value. It is contended that applicant sold the scrap in the market and such value would be included in the assessable value. He relied upon the decision of the Supreme Court in the case of CCE Nagpur Vs Lloyds Steels Industries Ltd. - 2007 (213) ELT ....