2000 (9) TMI 607

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....pondent. [Order per : V.K. Agrawal, Member (T)]. -  The issue involved in this appeal filed by M/s. Steelage Industries Ltd. is whether 10% notional profit is to be added for determining the assessable value of the goods captively consumed in terms of Rule 6(b)(ii) of the Central Excise (Valuation) Rules. 2. The appellants in their letter dated 23-8-2000 have requested to decide....

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....ubmissions of the learned DR and perused the records. The appellants have contended that as they have not earned any profit during the year 1984-85 for which the price list was under consideration, no profit has to be included. We find substantial force in the submissions of the appellants. The rule clearly provides that profit has to be added, if any. As the Department has not rebutted their cont....