1997 (12) TMI 406

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.... per : Justice U.L. Bhat, President]. - Appellant is absent and is unrepresented in spite of notice of hearing, but has sent a request for decision of the appeal on merits. We have heard Shri M. Ali, JDR and perused the papers. 2. Appellant, engaged in the manufacture of lamps, was also manufacturing Long Starter Lamination and Short Starter Lamination and captively consuming the same in t....

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.... (Appeals), the present appeal has been filed. 3. Both sides agree that laminations as such are not marketable and sale price of laminations cannot be determined. It was in these circumstances that the lower authorities held that the profit margin on the final product may be treated as profit margin on the captively consumed goods. The mode adopted by the lower authorities cannot be regarded....