https://www.taxtmi.com/caselaws?id=84570 Captively consumed intermediate goods without a market may be valued under the Central Excise Valuation Rules by a reasonable and non-arbitrary method based on cost of production plus profit. The assessing authority may consider the profit margin of the final product as a relevant indicator, but not by mechanically applying it where the intermediate and final products differ in nature and quality. Comparable products and suitable adjustments may also be taken into account. The appellate authority was found to have erred in excluding the final product's profit margin altogether, and the valuation adopted by the assessing authority was restored. en-us Fri, 20 Oct 1995 00:00:00 +0530 Fri, 22 Jul 2011 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84570 Captively consumed intermediate goods without a market may be valued under the Central Excise Valuation Rules by a reasonable and non-arbitrary method based on cost of production plus profit. The assessing authority may consider the profit margin of the final product as a relevant indicator, but not by mechanically applying it where the intermediate and final products differ in nature and quality. Comparable products and suitable adjustments may also be taken into account. The appellate authority was found to have erred in excluding the final product's profit margin altogether, and the valuation adopted by the assessing authority was restored. Case-Laws Central Excise Fri, 20 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84570