2004 (9) TMI 528

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..... [Order per : S.S. Sekhon, Member (T)]. The valuations adopted by the assessee, a processor of MMF, had been impugned by the department. The basis of the break up of 10% costs, as declared by the assessee s clerk were to be constituted as follows - i) Cost of Transportation - 0.75% (ii) Transit Insurance - 0.25% (iii) Octroi .....

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..... where the assessee was situated was one of the facts indicated in the Break-up that fact is not contested by Revenue, if that 2% declared as on account of Octroi is added and to shrinkage of 6% already reckoned in value, the addition of shrinkage will reach the actual figures of 8% or so and there will be no addition required to be made to value. Since 2% on account of Octroi was not to be adde .....

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