https://www.taxtmi.com/caselaws?id=88271 Consumables used in the manufacture of captively consumed goods, including drills, tools, bits, lubricants, greases and grinding wheels, form part of material cost and cannot be excluded from assessable value. The addition on this account was upheld. A final-product profit margin may be used only as a basis for deriving notional profit for captively consumed goods if relevant profit-affecting factors are examined; using the balance-sheet margin without that examination was not accepted. The demand on this count was reduced. en-us Fri, 12 Dec 1997 00:00:00 +0530 Fri, 16 Sep 2011 15:47:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88271 Consumables used in the manufacture of captively consumed goods, including drills, tools, bits, lubricants, greases and grinding wheels, form part of material cost and cannot be excluded from assessable value. The addition on this account was upheld. A final-product profit margin may be used only as a basis for deriving notional profit for captively consumed goods if relevant profit-affecting factors are examined; using the balance-sheet margin without that examination was not accepted. The demand on this count was reduced. Case-Laws Central Excise Fri, 12 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88271