Value of Scrap cannot be included in Assessable Value in terms of Alternate Procedures of Rules 4(5)(a) of CCR: CESTAT [Read Order]

The Value of the Scrap cannot be included in assessable value.

By Yogitha S. Yogesh - On January 13, 2024 9:04 pm - 2 mins read

Value of Scrap - Assessable Value - CCR - cenvat credit rules - cestat - Scrap value - taxscan

The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) has held that the value of scrap cannot be included in the assessable value in terms of alternate procedures of Rules 4(5)(a) of Cenvat Credit Rules (CCR), 2004. M/s. Shilpa Steel & Power Ltd, the appellant assessee challenged the order passed by the…

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