2000 (9) TMI 461

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....dents. [Order per : J.H. Joglekar, Member (T)]. - The appellant manufactured certain goods on job work basis. The price-lists filed by them were approved by the Superintendent on addition of profit margin. Before the Collector (Appeals) the assessees made the claim that the normal profits stood included in the quotation made for job charges and therefore there was no need for addition of any qu....

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....term "profit" is capable of various interpretations. It could relate to gross profit or net profit or in the extreme to net profit after appropriations. Similarly a profit may be of an entire group, of a company, of a licensee unit or of a division thereof. In fact the provisions of rule 6(b)(ii) is made in a peculiar manner making a parameter of an anticipated future sale. In the present case the....