1980 (1) TMI 100

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....d the points raised in the revision application; those urged during the personal hearing and have examined the records of the case. Government observe that the petitioners are manufacturer of storage batteries. They also manufacture component parts for special types of batteries for captive consumption as well as for free cost replacement of damaged component parts which have been damaged durin....

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.... T. Mascearanhas Consultant, appeared for the hearing on their behalf. Shri Mascaranhas submitted that the lower authorities had correctly invoked Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 for arriving at the assessable value of the impugned goods. He, however, submitted that the aforesaid Rule did not stipulated addition of a margin of profit to the manufacturing cost for the pu....

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.... be the rule which is found more suited for computing the normal value. Further the basis adopted by the lower authorities in taking the margin of profit as shown in the profit and loss statement of the petitioners firm is quite logical and reasonable and does not suffer from any element of subjective assessment or error. When it was pointed out to Shri Mascearanhas at the time of personal hearing....