2008 (1) TMI 172

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....his is an appeal filed by Revenue. 2. While finalizing provisional assessment of  "P or P medicines" manufactured and cleared by M/s. Meridian Pharmaceuticals during the period 1.4.95 to 31.3.98, the jurisdictional Assistant Commissioner demanded differential duty of Rs.1,86,472/- disallowing claims for abatement towards interest on receivables, breakages and value of medicines  sold ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(Appeals) following the decision of the WRB of the  Tribunal in the case of  P.M.P Auto Industries dated 7/21.6.1999 [2002] (147) E.L.T. 1240 (Tribunal) and that the  same had been appealed against before the Supreme Court.                  4. As regards "breakages" the Revenue has relied on the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e appellants submits that vide Final Order No.1294/07 dated 23.10.2007 the same issues relating to M/s. Raptakos Brett & Co for whom  the appellants herein manufactured "P or P medicines" as a loan licensee were decided  for the previous  period. In the above final order it was held that interest on receivables was not to be included in the assessable value of the goods manufactured....