https://www.taxtmi.com/caselaws?id=102556 PCC poles used by an electricity board were treated as marketable goods for excise valuation, and assessable value was required to be determined under Rule 7 read with Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975 on cost of production plus profit, if any, normally earned on sale. The fact that the poles were consumed captively by the buyer did not exclude a notional profit element where the goods were capable of sale. On the facts noted, a 10% margin of profit adopted by the adjudicating authority was found reasonable, so the inclusion of that margin in assessable value was upheld. en-us Wed, 09 Apr 1997 00:00:00 +0530 Wed, 15 Feb 2012 13:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102556 PCC poles used by an electricity board were treated as marketable goods for excise valuation, and assessable value was required to be determined under Rule 7 read with Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975 on cost of production plus profit, if any, normally earned on sale. The fact that the poles were consumed captively by the buyer did not exclude a notional profit element where the goods were capable of sale. On the facts noted, a 10% margin of profit adopted by the adjudicating authority was found reasonable, so the inclusion of that margin in assessable value was upheld. Case-Laws Central Excise Wed, 09 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102556