https://www.taxtmi.com/caselaws?id=96014 Where electricity poles were transferred from a manufacturing division to its parent electricity board without an actual sale, assessable value could not be fixed on the transfer price alone. Valuation had to follow Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975, which permits profit addition only if profit was actually involved in manufacture. Because the record contained no factual finding of actual profit, a 10% notional profit loading was impermissible. The matter required fresh examination by the jurisdictional authority on whether profit existed in the manufacture of the goods. en-us Wed, 16 May 2001 00:00:00 +0530 Fri, 16 Dec 2011 16:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96014 Where electricity poles were transferred from a manufacturing division to its parent electricity board without an actual sale, assessable value could not be fixed on the transfer price alone. Valuation had to follow Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975, which permits profit addition only if profit was actually involved in manufacture. Because the record contained no factual finding of actual profit, a 10% notional profit loading was impermissible. The matter required fresh examination by the jurisdictional authority on whether profit existed in the manufacture of the goods. Case-Laws Central Excise Wed, 16 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96014