Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1980 (11) TMI 51 - CGOVT - Central Excise
The Government examined a case regarding assessable value of oxygen under Central Excises and Salt Act, 1944. Petitioners disputed adding profit margin to cost, claiming loss. Government found cost of production and notional profit appropriate for valuation. Citing A.K. Roy v. M/s Voltas Ltd., profit margin inclusion deemed reasonable. Revision application rejected.
|