https://www.taxtmi.com/caselaws?id=84130 Captively consumed Head Blocks, being marketable, were required to be valued under Rule 6(b)(ii) of the Valuation Rules, 1975 read with section 4(1)(b) of the Central Excises & Salt Act. The Tribunal accepted that once marketability was established, assessable value could be based on cost plus a reasonable notional profit element, even though the goods were not actually sold. The Department's addition of profit to the cost price was upheld because the adopted percentage was found reasonable in light of the goods' nexus with the manufacture of finished products. en-us Mon, 13 Mar 1995 00:00:00 +0530 Tue, 19 Jul 2011 18:22:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84130 Captively consumed Head Blocks, being marketable, were required to be valued under Rule 6(b)(ii) of the Valuation Rules, 1975 read with section 4(1)(b) of the Central Excises & Salt Act. The Tribunal accepted that once marketability was established, assessable value could be based on cost plus a reasonable notional profit element, even though the goods were not actually sold. The Department's addition of profit to the cost price was upheld because the adopted percentage was found reasonable in light of the goods' nexus with the manufacture of finished products. Case-Laws Central Excise Mon, 13 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84130