1997 (12) TMI 406 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard a case where an appellant, engaged in manufacturing lamps, was also producing Long Starter Lamination and Short Starter Lamination for captive consumption. The appellant's price list did not include profit margins for the laminations. The authorities decided to include profit margins on the final products using the laminations as the assessable value. Both sides agreed that laminations were not marketable, so the profit margin on the final products was considered as profit margin on the captively consumed goods. The appeal was dismissed as there was no evidence to show that adjusting the profit margin was necessary.