2015 (10) TMI 1977

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....15 - Order No. A/11216-11217 / 2015<br>Central Excise<br>MR. P.K. DAS, MEMBER (JUDICIAL) AND Mr. P.M, SALEEM, MEMBER (TECHNICAL) For the Petitioner : Shri Willingdon Christian, Advocate For the Respondent : Shri J. Nair, Authorised Representative ORDER Per: P.K. Das The applicants filed the applications for early hearing of the appeals. After hearing both the sides and upon consent ....

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....ra, in view of the decision of the Larger Bench of the Tribunal in the case of Ispat Industries Ltd. vs. Commissioner of Central Excise, Raigad 2007 (209) E.L.T. 185 (Tri-LB), which was followed by this Bench in the case of Jay Corporation vs. Commissioner of Central Excise & Service Tax, Daman 2015 (317) E.L.T. 353 (Tri.-Ahmd.). In the case of Jay Corporation (supra), the Tribunal, allowed the ap....

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....ld by the assessee. In order to appreciate the correct position of law, we reproduce the said Rule." 3. Rule 8 of valuation Rules provides the excisable goods are not sold by the assessee but are used for consumption by him or on his behalf in the production or manufacture of other articles, the value of such goods that are consumed shall be one hundred and ten per cent of the cost of productio....