1979 (12) TMI 77 - CGOVT - Central Excise

Summary

The Government of India rejected a revision application where petitioners challenged the addition of a 5% profit margin to the assessable value of air-coolers manufactured without a Central Excise License. The Government stated that a profit margin is typically added for captive consumption goods, citing the Voltas case. The petitioners' argument that no profit motive existed was dismissed, and the revision application was rejected.