2005 (3) TMI 17

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....Excise and Service Tax appellate Tribunal ( in short "CEGAT"), West Regional Bench at Mumbai dated 11^th November,2003. 2. In this case the question is whether the value of scrap/waste retained a job worker is to be included in the value of the component manufactured by him. We have today in the case of M/s. General Engineering Works, Bharatpur v. Commissioner of Central Excise, Jaipur [C.A. No....

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....y 1.5% unrolled/semi rolled material forming part of CR FH Coil. The balance material to be retained and disposed off by Lloyds and the value of which has been adjusted in the Conversion Charges (the value of 1.5% approximately unrolled/semi rolled material going along with CR FH Coil has also been considered in arriving at the revised Conversion Charges besides the scrap retained and disposed off....

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....r detail in the Judgment delivered today in M/s. General Engineering Works case the cost of the raw material is one element. Whatever is the quantity of raw material used, its value will have to be taken into account. Conversion charges is a second element. If by retaining scrap/waste the conversion charges get reduced, then the value of the scrap/waste will have to be added to the conversion char....