1995 (12) TMI 150

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....eeta Pandey, Advocate, for the Respondent. [Order per : Gowri Shankar, Member (T)]. -  The respondent manufactured urea formaldehyde for captive consumption in the manufacture of plywood. Since the product was liable to duty, the Assistant Collector arrived at its value in terms of Rule 6(b) of the Central Excise (Valuation) Rules. In calculating the cost of production as provided in th....

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....e, and not on any rationale commercial considerations. The judgment of the Punjab & Haryana High Court relied upon by Shri Jain in Food Specialities Ltd. v. Appellate Collector of Central Excise & Customs - 1988 (33) E.L.T. 331 did not in fact lay down that an addition of 10% was mandatory, it only confirmed the action of the authorities in adding this figure in the face of a refusal by the assess....