https://www.taxtmi.com/caselaws?id=89613 A mixture of copper, lead and tin was not treated as an alloy for Tariff Item 26A(8), so Explanation I to Tariff Item 26A was held inapplicable; because copper predominated, the revenue's classification of the product as copper powder was sustained. On valuation of captively consumed goods, Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975 was applied to hold that notional profit can be added only where profit is actually shown to exist. As the assessee claimed losses and the profit data had not been properly verified, the notional 10% addition was set aside and the valuation issue remanded for fresh consideration. en-us Tue, 20 Oct 1998 00:00:00 +0530 Wed, 28 Sep 2011 14:46:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89613 A mixture of copper, lead and tin was not treated as an alloy for Tariff Item 26A(8), so Explanation I to Tariff Item 26A was held inapplicable; because copper predominated, the revenue's classification of the product as copper powder was sustained. On valuation of captively consumed goods, Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975 was applied to hold that notional profit can be added only where profit is actually shown to exist. As the assessee claimed losses and the profit data had not been properly verified, the notional 10% addition was set aside and the valuation issue remanded for fresh consideration. Case-Laws Central Excise Tue, 20 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89613