2000 (8) TMI 689

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....ri, DR, for the Appellant. Shri M.H. Patil, Advocate, for the Respondent. [Order per : J.H. Joglekar, Member (T)]. - We have heard Shri K.M. Patwari, ld. DR for the appellants and Shri M.H. Patil for the respondents. 2. The respondents assessee manufacture yarn, a part of which is sold and bulk of it is captively consumed. For valuation of goods captively consumed, Rule 6(b) of th....

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....bsp;   If the value cannot be determined under sub-clause (I), on the cost of production or manufacture including profits, if any, which the assessee would have normally, earned on the sale of such goods;" In terms of sub-clause (I) that value should be adopted at which the same goods are sold outside. If there are no sales then in terms of sub-clause (ii) the cost construction method....