Captive consumption valuation sets deemed value above cost, affecting excise valuation for self-consumed goods practices. Under Rule 8, where excisable goods are not sold but are used for consumption by the assessee or on his behalf in the production or manufacture of other articles, the value of such consumed goods shall be one hundred and ten per cent of the cost of production or manufacture of such goods.
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Provisions expressly mentioned in the judgment/order text.
Captive consumption valuation sets deemed value above cost, affecting excise valuation for self-consumed goods practices.
Under Rule 8, where excisable goods are not sold but are used for consumption by the assessee or on his behalf in the production or manufacture of other articles, the value of such consumed goods shall be one hundred and ten per cent of the cost of production or manufacture of such goods.
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