2003 (9) TMI 650

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..... rder per : S.S. Sekhon, Member (T)]. Revenue is in appeal against the order of Commissioner (Appeals) who allowed the manufacturer s appeal. 2. The lower authority had confirmed the demands made on steel billets being converted into rods and bars on job work basis since it was found that the manufacturers had not included the actual power charges but had included only a part thereof i .....

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..... ing at production cost and allowed the appeal. 4. Revenue in the present appeal contended - (i) Amount paid to Electricity Board as power charges have to be considered in costing at actual and Balance Sheet for the year show the same for the year 1997-98 at Rs. 92,92,614/- and considering the total production at 17.925 MT the costs pro rata would come to Rs. 537/- while the assessee had shown .....

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..... nds of the processor plus the value of the job work done plus manufacturing profit and manufacturing expenses whatever there may be...... (underlining supplied) one cannot approve the reductions for any of the reasons as arrived at. Of the costs of electricity, from the actuals. Since all costs have to be included in the costs incurred in the manufacturing of the product the electricity costs a .....

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