Appellate Tribunal limits profit margin to 2% for M/s. M.S.E.B. Assessable value recalculated.

The Appellate Tribunal CESTAT, Mumbai held that only a 2% profit margin should be added to the assessable value, not 10%. The Tribunal directed that a uniform profit margin of 2% should be applied across all units of M/s. M.S.E.B. The impugned orders were overturned, and the appeals were granted with the instruction to include only a 2% profit margin in the assessable value.

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The Appellate Tribunal CESTAT, Mumbai decided that only a 2% profit margin should be added to the assessable value, not 10%. The Tribunal emphasized that the same standard should be applied for profit margin across all units of M/s. M.S.E.B. The impugned orders were set aside, and the appeals were allowed with the direction to add only 2% profit margin to the assessable value.

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