2005 (1) TMI 458

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..... ndent. [Order per : S.S. Sekhon, Member (T)]. Heard both sides and considered the issue in this appeal filed by Revenue. 2. CCE (Appeal) had allowed the apeal of respondent, an assessee manufacturing soap on job work for various parties e.g. Godrej Soaps, M/s. SSL etc, against an order of lower authority who had ordered the valuation of the scrap manufactured for M/s. SSL on basis of t .....

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..... Ors. 3. Revenue has urged the following grounds- (i) Reasoning for application of Rule 6(b)(2) is wrong as that would be applicable for captive consumption (ii) Rule 7 has been correctly applied by the ld. original authority. They rely on Order No. 24/14/93 dated 31-12-1993 and the finding of dealing on principal to principal basis and that best judgement valuation order has to ap .....

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..... factory gate on date of removal. Essentially the two routed prescribed should lead to the same Assessable value, if the term Traders Profit as used in para 2 of clarificatory order is understood to be Trading Profit or Profits in trading of the said goods . If there is a difference, either the vital costs in cost construction method are being lost sight off or Traders profit is not being cor .....

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