2017 (10) TMI 198

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..../s. Tata Iron Steel Company Ltd (TISCO) (Tube Division). The appellant cleared the job work goods on payment of duty adopting value at which the said goods are sold by principle M/s. TISCO. From July, 2004 onward modus operandi of supply of C.R. strips by TISCO to the appellant was changed and steel sheets wee supplied to one other job worker i.e. M/s. Alco Steel pvt Ltd, who carried out slitting of steel sheets and strips were supplied on payment of duty by M/s. Alco Steel Pvt Ltd to the appellant for conversion into steel tubes on behalf of principle i.e M/s. TISCO. The case of the department is that valuation in hand of the appellant should be as per valuation of principle laid down by Hon'ble Supreme Court in case of M/s. Ujagar Print[1....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hat as regard the valuation in respect of job work goods principles laid down by Hon'ble Supreme Court in case of Ujagar Print(Supra), according to which valuation of job work goods is based on the landed cost of the raw material plus job charges. He submits that as per the aforesaid valuation principle, no different method of valuation can be adopted in respect of job worker. He placed reliance on the following judgments: (a) Prafful Industries ltd vs. Commissioner of Central Excise, Mumbai[2000(118)ELT 97 (Tribunal LB)] (b) Pawan Biscuits Co. (Pvt) Ltd Vs. Collector of Central Exicse, Patna[2000(120)ELT 24(S.C.)] 4. We have carefully considered the submissions made by both sides. 5. We find that as per the statutory provisions....