https://www.taxtmi.com/caselaws?id=104368 The Appellate Tribunal CEGAT, Mumbai, dismissed the Department's appeal regarding the assessable value of goods received by a manufacturer. The Tribunal upheld the Collector (Appeals) decision that the Department could not add a notional profit margin to the assessable value as the manufacturer's profit had already been included. Emphasizing the distinction between manufacturing profit and the profit accrued to the manufacturer, the Tribunal referenced the Supreme Court's decision and clarified that any inclusion beyond specified elements would exceed the notice's scope. Consequently, the Tribunal affirmed that the manufacturer's profit margin had been adequately considered in the assessment, leading to the dismissal of the appeal. en-us Thu, 15 Jan 1998 00:00:00 +0530 Tue, 28 Feb 2012 18:02:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104368 The Appellate Tribunal CEGAT, Mumbai, dismissed the Department's appeal regarding the assessable value of goods received by a manufacturer. The Tribunal upheld the Collector (Appeals) decision that the Department could not add a notional profit margin to the assessable value as the manufacturer's profit had already been included. Emphasizing the distinction between manufacturing profit and the profit accrued to the manufacturer, the Tribunal referenced the Supreme Court's decision and clarified that any inclusion beyond specified elements would exceed the notice's scope. Consequently, the Tribunal affirmed that the manufacturer's profit margin had been adequately considered in the assessment, leading to the dismissal of the appeal. Case-Laws Central Excise Thu, 15 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104368