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2006 (11) TMI 206 - SUPREME COURTValuation (Central Excise) - Captive consumption - Held that:- If an assessee has normally been making profit but in one particular year incurs loss due to some reasons, it cannot be inferred therefrom that the assessee would have normally sold his goods without profit or at loss. Normally speaking, no businessman would like to sell his goods without adding a reasonable margin of profit - Assistant Collector's decision on valuation of the captively consumed wrapper paper is based on the manufacturing cost of wrapping paper as per Chartered Accountant Certificate produced by the appellants and the manufacturing profit of the said paper as per the Balance-sheet of the Company for the year ending 30-6-1981. Therefore, there is no reason to interfere with the impugned order upholding the Assistant Collector's decision on valuation of wrapper paper captively consumed under Rule 6(b)(ii) of Valuation Rules - Matter remitted back - Decided in favour of Revenue.
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