2003 (6) TMI 299 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai allowed the appeal filed by the appellant, who was engaged in manufacturing moulds and dies as a job worker for H.R. Johnson (India) Ltd. The Commissioner's decision to add profit to the labour charges was overturned, as it was concluded that the job charges paid to a manufacturer would already include an element of profit. The Board's circular on valuation of goods captively consumed was deemed irrelevant in this case. The appeal was allowed, and the impugned order was set aside.