Thursday, December 15, 2016

Value of non-excisable and exempted goods should be excluded to decide eligibility of SSI exemption

CESTAT, New Delhi bench held that for deciding eligibility to SSI-exemption Notification, turnover is to be computed as follows : (a) value of nonexcisable and exempted excisable goods is to be excluded; (b) value is to be computed at transaction value, as per Central Excise Act and valuation rules; and (c) value of goods liable to duty based on retail sale price, is to be computed after giving benefit of abatement from retail sale price.
Wenger And Company v. Commissioner of Central Excise, Delhi-I. [2016] 75 taxmann.com 243

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