2016 (1) TMI 699

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.... For the Respondent : Shri V.K. Shastri, Asst. Commr (AR) ORDER Per: M.V. Ravindran These two appeals are preferred against Order-in-Appeal No. BR (436-437)93-94/MV/2005 dated 19.7.2005. 2. Heard both sides and perused the records. 3. On perusal of records, we find that the issue involved in these two appeals is regarding the valuation of the goods for which job work was undertak....

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....ore res integra as Supreme Court in the case of Daiichi Karkaria - 1999 (112)ELT 353 (SC) has settled the law inasmuch as that Central Excise duty paid on the inputs need not be included for the purpose of arriving at the correct costing of final products. As regards appeal number E/3424/05, it is his submission that after the deduction of Excise duty from the costing, there may be few instances w....

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....nvat credit neutralizes the impact of the duty on costing of the finished products. Following the judgement, we hold that the basic allegation of non-inclusion of Central Excise duty paid on inputs needs to be included for costing of finished goods has no locus standi accordingly, on merits we hold that appeal needs to be allowed. Appeal number E/3423/05 is allowed and the impugned order is set as....