2004 (2) TMI 407

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..... [Order per : Justice K.K. Usha, President]. The issue raised in these appeals at the instance of the assessee is whether the value of syringe which is admittedly a bought out item has to be added in arriving at the assessable value to the P P Medicine manufactured by it and cleared for the reason that it has combination packet. Commissioner (Appeals) took the view that it cannot. Accord .....

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..... 91) E.L.T. 255 (S.C.). Reliance has also been placed by the learned Counsel on the decision of the Supreme Court in PSI Data Systems Ltd. v. C.C.E. - 1997 (89) E.L.T. 3 (S.C.). 4. In Shriram Bearings Ltd., the issue came up for decision before the Hon ble Supreme Court was one relating to the value for the purpose of excise duty of ball bearings manufactured by the assessee. According to the ass .....

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..... , ball or roller bearings, all sorts , the Supreme Court observed that what fell under this entry were the ball bearings and not what, admittedly, are the accessories thereof. Under these circumstances, it was held that value of accessories cannot be added to the assessable value of the ball bearings. 3. We find that the ratio of the above decision is directly applicable to the facts of the pres .....

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