https://www.taxtmi.com/caselaws?id=87710 In valuing captively consumed geared motors under excise valuation rules, the margin of profit must be fixed by reference to the captively consumed product's own characteristics, marketability, and relevant cost factors. Gross profit earned on the final product cannot be mechanically adopted as the margin for the intermediate product, because the two products may differ in nature and profitability. The CEGAT upheld the valuation approach that had considered these factors and sustained the 10.1% margin of profit applied to the captively consumed goods, rejecting the challenge to the assessable value determination. en-us Wed, 31 Dec 1997 00:00:00 +0530 Thu, 08 Sep 2011 17:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87710 In valuing captively consumed geared motors under excise valuation rules, the margin of profit must be fixed by reference to the captively consumed product's own characteristics, marketability, and relevant cost factors. Gross profit earned on the final product cannot be mechanically adopted as the margin for the intermediate product, because the two products may differ in nature and profitability. The CEGAT upheld the valuation approach that had considered these factors and sustained the 10.1% margin of profit applied to the captively consumed goods, rejecting the challenge to the assessable value determination. Case-Laws Central Excise Wed, 31 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87710