https://www.taxtmi.com/caselaws?id=87615 For valuation of an intermediate product under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975, the notional profit margin cannot be mechanically taken from the final product where the two are materially dissimilar in nature, quantity and use. The margin must be suitably adjusted on the facts, and even the final product's gross profit figure cannot be imported without substantial modification. On the facts, remand was unnecessary because the adopted 12.95% figure was not shown to be unjustified, and the valuation stood in favour of the assessee. en-us Wed, 05 Nov 1997 00:00:00 +0530 Thu, 08 Sep 2011 12:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87615 For valuation of an intermediate product under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975, the notional profit margin cannot be mechanically taken from the final product where the two are materially dissimilar in nature, quantity and use. The margin must be suitably adjusted on the facts, and even the final product's gross profit figure cannot be imported without substantial modification. On the facts, remand was unnecessary because the adopted 12.95% figure was not shown to be unjustified, and the valuation stood in favour of the assessee. Case-Laws Central Excise Wed, 05 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87615