1998 (8) TMI 169

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.... T.P. Kumar, SDR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. - The short point involved in the instant appeal is as to how the assessable value of the goods consumed captively has to be arrived at in terms of provisions of Rule 6(b)(ii) of the Central Excise Valuation Rules. 2. Shri G.K. Mundhara, ld. Consultant appearing for the appellants submitted that originall....

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....Shri Mundhara submits that he does not dispute the above finding of the Commissioner (Appeals), but argues that in stead of adding the `gross' profit of the Company, the authorities should have added the `net' profit. In this connection he places reliance on the Board's Order No. 24/14/93, dated 31-12-1993 issued under Section 37B of the Act. And submits that in stead of adding the gross profit, t....

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.... profits is required to be added for computation of the assessable value. In that case the appeal was remanded to the lower authorities with observation "we feel that ends of justice required that Assistant Collector should re-examine the matter and re-compute the margin of profit on the metal containers manufactured by the appellants without linking to the end product on the basis of the margin o....