2007 (2) TMI 97

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..... tates that w.e.f. 1-10-2000, the Department of Telephones was corporaterised to form the present appellant company M/s. BSNL. Prior to that date, the goods manufactured by the Department of Telephones was exempt from Excise duty. In between, there was confusion regarding excisability of the goods manufactured by M/s. BSNL. However, the duty is being paid w.e.f. 1-10-2000 and there is no contest re .....

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..... th sides and perusal of the case records and the cited decision, we are of the view that the present case of the appellants is similar to the one decided by the Hon'ble Supreme Court and hence applying the ratio of the said case, we hold that for valuation purposes under Rule 11 of the Central Excise (Valuation) Rules, 2000, addition of 15% is not justified as the impugned goods are not captively .....

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