1997 (12) TMI 346

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....espondent. [Order per : Justice U.L. Bhat, President]. - Appellant is absent but has sent a request for decision of the appeal on merits. We have heard Shri M. Ali, JDR and perused the papers. 2. Appellant, engaged in the manufacture of hosiery needles, was also manufacturing machines to manufacture needles and captively consumed the machines in the manufacture of needles. Appellant ....

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....f assessable value of the captively consumed goods. It was also found that certain consumables like drills, tools, bits, lubricants, greases, grinding wheels had been used in the manufacture of machines but the value thereof was not included in the cost of raw material. The Additional Collector estimated the cost of these consumables as 2% of the cost of materials and directed addition of this amo....