2023 (7) TMI 717 - SCH - Central Excise

Valuation - bought-out items are not entered in the factory and credit not claimed - inclusion in the assessable value or not - HELD THAT - There is no case for adding the value in the assessable value and hence no proceeding need be initiated in the form of a show cause notice it is found that for the previous period in respect of which this appeal arises the stand of the Department cannot be contrary to what has been stated above. Hence we do not find any merit in the appeal. The Civil Appeal is dismissed.

Summary

The Supreme Court dismissed the Civil Appeal as the Department's stand on not adding the value of bought-out items in the assessable value was upheld for the previous period. No further proceedings needed.