2017 (5) TMI 1381

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....Asstt. Commissioner (AR), for Respondent ORDER Per: Ramesh Nair The issue in the present case is whether the excise duty paid on inputs and notional profit is liable to be added in the assessable value of the final products manufactured and cleared by the appellant. 2. Shri Prasad Paranjaple, learned Counsel appearing for the appellant submits that both the issue of inclusion of excise....

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.... the cost of manufacture as per the instruction of CBE&C. He submits that the above observation is not required for the reason that there is no dispute on the quantum of notional profit either in the show-cause notice or in the rejection order. Therefore, the learned Commissioner (Appeals) has gone into altogether different field, which is not subject for adjudication of the case. Therefore, the C....

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.... 3. Shri S.V. Nair, learned Asstt. Commissioner (AR) appearing on behalf of the Revenue reiterates the findings of the impugned order. 4. We have carefully considered the submissions made by both sides. We find that as regards the legal issue on the subject that whether excise duty paid on the inputs and notional profit should be added in the assessable value has already been decided by the Co....