1996 (7) TMI 386

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..... er per : Shiben K. Dhar, Member (T)]. This appeal is directed against Order-in-Appeal No. 661/87(M), dated 3-4-1987 of Collector of Central Excise (Appeals). The issue relates to determination of value in terms of Rule 6(b)(ii) of Central Excise Valuation Rules, 1975. 2. Arguing for the Revenue, the learned DR submits that the only ground on which modification is sought relates to manner .....

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..... (Appeals) was correct in holding that profits could be arrived at on the basis of figures shown in the Balance Sheet. He also relied upon the case of West Coast Paper Mills Ltd. v. C.C.E., Belgaum - 1996 (81) E.L.T. 403 (Tribunal) = 1996 (65) ECR 140 (Tribunal). 4. We have heard both sides. There is no allegation that expenditure incurred on advertisement, printing and stationery, postage, .....

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..... ofit. 5. In view of this, we do not find any infirmity in the findings of Collector (Appeals) to the extent that profit shown in the accounts of the respondents company certified by their auditors have to be taken into account to arrive at gross profit. 6. In this view of the matter, therefore, we reject the Revenue Appeal and upheld the impugned order.
Case laws, Decisions, Judgem .....

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