2006 (3) TMI 450

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..... , for the Respondent. [Order per : C. Satapathy, Member (T)]. Heard both sides. The appellants manufactured transmission tower and supplied to another Wing under the same management for erection of transmission project. According to Shri K.K. Banerjee, ld. Advocate appearing for the appellants, the appellants have correctly paid the duty on the basis of actual cost of manufacture of tran .....

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..... nder residual Rule 11 of the Central Excise (Valuation) Rules, 2000. However, by applying 15% on the above cost of manufacture, the actual costing has to be done. In this case, instead of working out the cost, the appellants have determined the value by apportioning the total project amount which not only includes the cost but also their profit. This also appears to be a reasonable way of arriving .....

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