TaxTMI 
TaxTMI 
2016 (12) TMI 1036
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....ay, Supdt.(AR) for the Respondent (s) ORDER Both sides agree that they shall be governed by the Larger Bench decision in the case of I.T.C. Ltd. vs. Commissioner of Central Excise, Chennai-I [2016 (333) ELT 287 (Tri.-LB) in so far as inter unit clearances are made. 2. Ld. Counsel for the Appellant explains that it was a job-worker getting the inputs from M/s.Hindalco and other two concern....
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....n so far as the inter-unit transfer is concerned, that governs the field. But no facts and figures are available on his record to test the cost of goods that has been cleared from job working unit in Bellur to the principal manufacturer and whether that is in accordance with the ratio laid down in Ujagar Prints case is not possible to be ascertained at his level. 4. In view of the con....
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....e clear that so far as the inter-unit transfer is concerned the valuation shall be governed by the Larger Bench decision in I.T.C. Ltd.'s case(supra); and in so far as the job-worked goods cleared from Belur Unit is concerned, the principle laid down in Ujagar Prints (supra) shall apply. 6. With the aforesaid directions all the 4(four) Appeals are disposed. Re-adjudication is expected to be....
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.... statutes which use them. A man of commerce would, in our view, look at the matter thus : "I paid Rs. 100/- to the seller of the raw material as the price thereof. The seller of the raw material had paid Rs. 10/- as the excise duty thereon. Consequent upon purchasing the raw material and by virtue of the Modvat scheme, I have become entitled to the credit of Rs. 10/- with the excise authorities an....