https://www.taxtmi.com/caselaws?id=84893 Captive consumption under Rule 6(b)(ii) of the Central Excise (Valuation) Rules requires assessable value to be based on cost of production or manufacture plus the profit normally earned on sale of such goods where Rule 6(b)(i) does not apply. The profit element cannot be fixed mechanically at a standard percentage without evidence. The proper valuation must be determined from relevant material, including the assessee's data and necessary enquiries, to ascertain the actual normal margin of profit. Valuation based on adopted percentages was therefore not sustainable and required fresh determination on evidence. en-us Thu, 14 Dec 1995 00:00:00 +0530 Mon, 01 Aug 2011 13:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84893 Captive consumption under Rule 6(b)(ii) of the Central Excise (Valuation) Rules requires assessable value to be based on cost of production or manufacture plus the profit normally earned on sale of such goods where Rule 6(b)(i) does not apply. The profit element cannot be fixed mechanically at a standard percentage without evidence. The proper valuation must be determined from relevant material, including the assessee's data and necessary enquiries, to ascertain the actual normal margin of profit. Valuation based on adopted percentages was therefore not sustainable and required fresh determination on evidence. Case-Laws Central Excise Thu, 14 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84893