2001 (5) TMI 221

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....lant Shri P.K. Jain, SDR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. -  The issue raised in this appeal is valuation of electricity poles manufactured by M/s. Electricity Pole Manufacturing Unit, Sahupuri, Varanasi. It would appear that the unit is a division of UPSEB. Electricity poles manufactured by the unit are used by the UPSEB. The transfer of the electricity po....

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....is that the transfer price should constitute assessable value in terms of Section 4(1)(a) of the Central Excise Act. 2. Upon perusing the records and hearing both sides, we find that the manufacturer is a division of UPSEB and there was no sale of the electricity poles. Therefore, the Revenue is right in its contention that the valuation of the electricity poles should be made under Rule 6....