9911796707
TMI Blog2003 (2) TMI 310X X X X Extracts X X X X X X X X Extracts X X X X ..... der per : C.N.B. Nair, Member (T)]. When the above stay application came up for hearing today it was agreed by both sides that the appeal itself could be taken up for disposal. Accordingly, we proceed to dispose of the appeal after waving the requirement for pre-deposit. 2. The dispute raised in this appeal of M/s. Tata Iron and Steel Co. is the correct valuation of Cold Twisted Bars (CTD) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ue in this manner did not represent the full assessable value and that no deductions were permissible from the sale price of M/s. Tata Iron Steel Co. Ltd. Several objections have been raised, like the job worker was related to M/s. Tata Iron and Steel etc. in support of revision of assessable value. 3. The present appeal challenges the impugned order on several grounds. It is contended that th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ders of the lower authorities are required to be set aside. 4. We have perused the records and have considered the submissions made by both sides. The law relating to the valuation of goods produced by job workers remains settled by the decision of the Apex Court in the case of Ujagar Prints. According to the dictum of the Supreme Court, assessable value of goods manufactured on job work basis s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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