1999 (12) TMI 403 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled on the valuation of PCC Poles manufactured by the Punjab State Electricity Board. The Revenue's appeal was dismissed as the valuation should be based on the value of comparable goods produced by the assessee or others, as per Rule 6(b) of the Central Excise (Valuation) Rules, 1975. The impugned order was upheld, stating that captively consumed goods should be assessed based on comparable goods unless unable to determine, in which case cost of production can be considered. The appeal was dismissed.