https://www.taxtmi.com/caselaws?id=85816 Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 treats assessable value as cost of production plus profits, if any, normally earned on sale of the goods. The profit element is not to be mechanically added where a unit is consistently loss-making, but it may be relevant where profit is shown in the relevant period. Gross profit cannot be added if it would duplicate overhead expenses already included in the cost of production; only the non-duplicative profit component is includible. The question whether profit should be taken before tax requires separate examination by the adjudicating authority. en-us Fri, 20 Sep 1996 00:00:00 +0530 Mon, 08 Aug 2011 13:11:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85816 Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 treats assessable value as cost of production plus profits, if any, normally earned on sale of the goods. The profit element is not to be mechanically added where a unit is consistently loss-making, but it may be relevant where profit is shown in the relevant period. Gross profit cannot be added if it would duplicate overhead expenses already included in the cost of production; only the non-duplicative profit component is includible. The question whether profit should be taken before tax requires separate examination by the adjudicating authority. Case-Laws Central Excise Fri, 20 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85816