1996 (7) TMI 386

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....onsultant, for the Respondent. [Order per : Shiben K. Dhar, Member (T)]. This appeal is directed against Order-in-Appeal No. 661/87(M), dated 3-4-1987 of Collector of Central Excise (Appeals). The issue relates to determination of value in terms of Rule 6(b)(ii) of Central Excise Valuation Rules, 1975. 2. Arguing for the Revenue, the learned DR submits that the only ground on whic....

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....ed was a legitimate expenditure and Collector (Appeals) was correct in holding that profits could be arrived at on the basis of figures shown in the Balance Sheet. He also relied upon the case of West Coast Paper Mills Ltd. v. C.C.E., Belgaum - 1996 (81) E.L.T. 403 (Tribunal) = 1996 (65) ECR 140 (Tribunal). 4. We have heard both sides. There is no allegation that expenditure incurred on ad....