1995 (10) TMI 106 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi, in the case of bimetallic bearings and bushes manufacturing, set aside the Collector (Appeals) order and restored the Assistant Collector's order regarding the valuation of intermediate products under Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975. The Tribunal emphasized the need for a reasonable method to determine profit margin for intermediate products, considering factors like nature of products and production costs. The Tribunal found the Assistant Collector's profit margin determination acceptable under the Modvat Credit Scheme and reinstated the assessing authority's order.