2010 (8) TMI 1093

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..... The respondents herein are manufacturers of sugar, molasses, denatured spirit and carbon dioxide. Show-cause notice was issued alleging that the assessees, while arriving at the cost of manufacture of denatured spirit, were adopting the price of molasses at which it was billed to unrelated buyers as the cost of molasses, instead of adopting 115% of such cost of molasses captively consumed as per R .....

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..... plicable for clearances prior to 13.2.2003. The Commissioner (Appeals) set aside the impugned order loading the value of molasses by 15% and including the element of selling and administration expenses in the cost of manufacture ; hence this appeal by the Revenue. 2. We have heard both sides. The only contention of Revenue in this appeal is that CAS-4 has only prospective effect and cannot be a .....

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