2018 (5) TMI 393

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sioner (AR), for Respondent Per: Ramesh Nair The facts of the case are that the appellants are engaged in  the manufacture of Para Nitro Benzyl Bromide (PNBB) and other chemicals. They are manufacturing on job-work basis for M/S Ranbaxy Ltd. For the manufacture of such goods, the Ranbaxy  provided two types of critical raw materials namely - (i) Para Nitro Toluene, and (ii) Liquid ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (a) International Auto Ltd. vs. CCE, Bihar - 2005 (183) ELT 239 (SC). (b) Vako Seals Pvt. Ltd. vs. CCE, Mumbai - 2016 (344) ELT 482 (Tri-Mum) (c) SRF Ltd. vs. CCE - 2007 (220) ELT 201 (Tri-Chennai) affirmed by Hon'ble Supreme Court reported at 2016 (331) ELT A138 (SC). (d) Menon & Menon Ltd. vs. CCE - 2006 (195) ELT 38 (Tri-Mum) upheld by Hon'ble Supreme Court ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aluation principles laid down by the Hon'ble Supreme Court in the case of Ujagar Prints & others vs. Union of India - 1987 (27) ELT 567 (SC) shall apply. According to such principles, the valuation should be done on the cost of raw material + job charges. Following such principles, the cost of the raw materials used in the manufacture of final product should be taken for the purpose of arrivin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s not found sound as there is no provision under the Valuation Rules that any such deduction is permissible. 4.1 As regards the cum duty value, we find that the proposal of the department is to include actual cost of the raw material on which cum duty value should not be further taken, hence the same cannot be allowed on this count. 4.2 As regards the contention of the appellant that highest....