2001 (5) TMI 221 - AT - Central Excise

Summary

The appeal involved the valuation of electricity poles manufactured by a division of UPSEB. The transfer price was initially used for Central Excise duty, but later challenged. The Tribunal held that valuation should be based on the cost of production, notional profit cannot be added without evidence. The case was remanded for a fresh decision by the Central Excise authorities.