credit of Rs.3,00,727/- taken on 6,014.53 qtls. of molasses and further cenvat credit of Rs.1,06,312/- involved ... first point relating to cenvat credit of Rs.3,00,727/- on molasses and dropped the demand. He, however, rejected the appellants contention
Customs, Visakhapatnam
2. M/s. Godavari Sugar Mills manufacture sugar and molasses. They are availing cenvat credit on capital goods and inputs used in relation ... also have a Distillery within the premises of the sugar factory. The molasses manufactured in the sugar unit is cleared to the Distillery on payment
appellant, as while the appellant produced SDS out of the molasses purchased at controlled price, other manufactures in the vicinity, whose price is sought ... adopted by the Department, were manufacturing SDS out of free sale molasses being procured at much higher price. Beside this, the prices of the other
Chacko, Member (J)
1. The appellants are manufacturers of VP sugar, Molasses is their bye-product, which is stored in steel tanks. It is stated ... season 1997-98, the department through its officers checked the stock of molasses in the appellant's storage tank Nos, 2 and 3. Shortages
appeal are as under:-
1.1 The appellant are manufacturers of sugar and molasses chargeable to central excise duty. The molasses manufactured as by-product ... were found to be loaded with total quantity of 477 quintals of molasses involving duty of Rs.23,850/-. On enquiry with the drivers, while
short paid this amount of duty by adopting the assessable value of molasses at 40 per quintal while as per the order-in-original ... original to the extent that it determined the assessable value of molasses at Rs.185/- PMT on the basis of the price at which molasses
Assessee, for the year under consideration has imported molasses
from foreign countries for a value of Rs.19,33,94,918/- inclusive import duty ... undervaluation of closing stock the
assessee submitted that the molasses is not freely traded in the market and
same was sold in subsequent year
Calcutta branch a sum of Rs. 5,56,793.80 towards loss of molasses at Ayodhya Kutch pits which was stated to be representing value ... destroyed molasses. Noticing that a similar claim for subsequent assessment year 1986-87, was examined and disallowed by the Assessing Officer after establishing the same
made on account of under valuation of closing stock of alchol &
molasses without appreciating the fact that the assessee failed to furnish
any evidence ... account
of under valuation of closing stock of Alcohol and Molasses:
6. During the course of assessment the A.O noticed that valuation of
closing
appeal and setting aside the demand of duty in respect of Molasses which according to the finding of the adjudicating authority was destroyed ... purpose. In the process of manufacture of sugar a bye-product Molasses is produced to the extent of approximately 4% of the quantity of sugarcane
