https://www.taxtmi.com/caselaws?id=86433 Captively consumed R.C.C. poles were required to be valued under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975 on a cost-of-production basis including profit, if any, that the assessee would normally earn on sale of such goods. Because the poles were commercially marketable, a profit element was properly included in the assessable value. The authorities adopted a 10% notional profit margin, and no material was produced to show that the estimate was excessive or unreasonable. The inclusion of notional profit in the assessable value was therefore upheld. en-us Sat, 15 Mar 1997 00:00:00 +0530 Wed, 24 Aug 2011 17:28:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86433 Captively consumed R.C.C. poles were required to be valued under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975 on a cost-of-production basis including profit, if any, that the assessee would normally earn on sale of such goods. Because the poles were commercially marketable, a profit element was properly included in the assessable value. The authorities adopted a 10% notional profit margin, and no material was produced to show that the estimate was excessive or unreasonable. The inclusion of notional profit in the assessable value was therefore upheld. Case-Laws Central Excise Sat, 15 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86433