1980 (11) TMI 51 - CGOVT - Central Excise

Summary

The Government examined a case regarding assessable value of oxygen under Central Excises and Salt Act, 1944. Petitioners disputed adding profit margin to cost, claiming loss. Government found cost of production and notional profit appropriate for valuation. Citing A.K. Roy v. M/s Voltas Ltd., profit margin inclusion deemed reasonable. Revision application rejected.