2004 (9) TMI 528

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....ant. Shri A.K. Saxena, JDR, for the Respondent. [Order per : S.S. Sekhon, Member (T)]. - The valuations adopted by the assessee, a processor of MMF, had been impugned by the department. The basis of the break up of 10% costs, as declared by the assessee's clerk were to be constituted as follows - i) Cost of Transportation - 0.75% (ii) Transit Insurance - 0.25% (iii) Octroi - 2.00% ....