https://www.taxtmi.com/caselaws?id=81115 Excise valuation of electric poles turned on whether they were marketable goods, whether profit could be added to assessable value, and whether the profit element could be raised from 2% to 10%. The Tribunal treated the poles as excisable goods, applying its earlier view that articles capable of being brought to market are goods. It also accepted that a margin of profit may be included in assessable value under the valuation rules. However, the enhancement to 10% was rejected because the department showed no factual basis for a higher allowance, and the 2% figure was retained. The earlier electricity board precedent was found inapplicable on different facts. en-us Thu, 31 Jan 1991 00:00:00 +0530 Wed, 22 Jun 2011 15:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81115 Excise valuation of electric poles turned on whether they were marketable goods, whether profit could be added to assessable value, and whether the profit element could be raised from 2% to 10%. The Tribunal treated the poles as excisable goods, applying its earlier view that articles capable of being brought to market are goods. It also accepted that a margin of profit may be included in assessable value under the valuation rules. However, the enhancement to 10% was rejected because the department showed no factual basis for a higher allowance, and the 2% figure was retained. The earlier electricity board precedent was found inapplicable on different facts. Case-Laws Central Excise Thu, 31 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81115