2010 (8) TMI 1093

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....For Respondents: S. Muthuvenkatraman, Adv. ORDER Jyoti Balasundaram, 1. The respondents herein are manufacturers of sugar, molasses, denatured spirit and carbon dioxide. Show-cause notice was issued alleging that the assessees, while arriving at the cost of manufacture of denatured spirit, were adopting the price of molasses at which it was billed to unrelated buyers as the cost of molass....

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....AS-4 itself was introduced only w.e.f. 13.2.2003 and not from July 2000 and therefore not applicable for clearances prior to 13.2.2003. The Commissioner (Appeals) set aside the impugned order loading the value of molasses by 15% and including the element of selling and administration expenses in the cost of manufacture ; hence this appeal by the Revenue. 2. We have heard both sides. The only co....