2018 (10) TMI 1273

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....B. Kulgod, Asst. Comm. (AR) for respondent ORDER Per: C.J. Mathew 1. This appeal has been filed by M/s Godrej Industries Ltd against order-in-appeal no.SB(57)57/MI/2009 dated 3^rd August 2009 of Commissioner of Central Excise (Appeals), Mumbai which has upheld the order of the lower authority confirming demand duty of Rs. 9,11,740/-, along with interest thereon, besides imposing penalty o....

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....ted by jurisdictional authorities on the basis of Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000. 3. Learned Counsel for appellant further contends that the goods so cleared are 'by products' to which Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 would not apply. Furthermore, it is submitted that the value of the final product....

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....ing expenses of the assessee is also on acceptable basis of computation even under rule 8 and find no law in the valuation adopted by assessee. On revenue neutrality, we find that the decision of the Tribunal in Commissioner of Central Excise v. Special Steel Ltd [2015 (329) ELT 449 (T)] has been upheld by the Hon'ble Supreme Court and that the Hon'ble High Court of Bombay in Commissioner of Centr....