2003 (5) TMI 462

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..... Shri R.K. Pardeshi, DR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - The application is for stay of operation of the order of the Commissioner (Appeals). The applicant is engaged in the manufacture of dyes and paints. It utilises some of these captively in the factory in the manufacture of other goods. The value of such captively consumed goods was based upon the cost ....

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....e head office expenses to the extent that they are relatable to the maintenance and upkeep of the factory in which manufacture takes place, procurement of raw material, dealing with persons concerned with manufacture and procurement prima facie would be included. The expenses on research and development leading to the manufacture of goods would also be included as to the material in which the good....