1990 (9) TMI 211

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....umption as well as for supply to other cable manufacturers. In the case of their captive consumption, they submitted a price list effective from 8-10-1978 indicating the control price of properzi rods at the rate of Rs. 9067/- per M.T. The Assistant Collector of Central Excise approved the price list for properzi rods after modifying the assessable value as under :- Ingot price Rs. 8732/- per M.T. Conversion charges Rs. 700/- per M.T. Total Rs. 9432/- per M.T. 5% Profit Rs. 471.60 per M.T. Assessable value of properzi rods Rs. 9903.60 per M.T. 2. The appellants challenged the Assistant Collector's order and filed an appeal before the Appellate Collector of Central Excise. The Appellate Collector observed tha....

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....o. S.O. 597(D) dated 18-10-1978, No. 5(90)/78-Met-I(ii). The Ministry of Steel & Mines (Department of Mines) fixed the sale price of aluminium ingots at Rs. 8732/-per tonne and of aluminium wire rods conforming to the specification : IS : 5484-1969 at Rs. 9067/- per tonne. He has argued that the aluminium wire rods manufactured by the appellants were of this specification and the same were sold at this fixed price. They could not sell the wire rods at any higher price. Therefore, the price fixed under the notification issued under the Aluminium (Control) Order, viz. Rs. 9067/- per tonne, should be the assessable value of aluminium wire rods manufactured by the appellants for captive consumption in terms of the provision of Section 4 of the ....