2014 (1) TMI 732

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.... M.S. Negi, AR ORDER Per Rakesh Kumar (for the Bench): This is an ROM application filed by the Department for rectification of mistake apparent for record in Final Order No. A/815/2012 dated 10.7.12. The appellants are manufacturer of castings of iron and steel the castings of for motor vehicle parts. The dispute is in respect of clearance of castings made to their other unit from May 200....

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....order and allowed the appeal on the ground that during the period of dispute, the assessable value in respect of clearances in question was to be taken on 115% of the cost of production and the cost of production for the purpose was to be determined interest of CAS-4 standard of ICWAI, in term of CAS-4, interest on loan was not includable in the cost. Thus, on this basis the Commissioner's order w....

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....t this has not been disputed and that duty demand was confirmed only on the ground that cost of production should also include interest of loan. He, therefore, pleaded that there is no mistake in the final order and that the appellant have discharged the duty liability on the assessable value determined under Rule 8 of the valuation Rule on the basis of 115% of the cost of production, which includ....