https://www.taxtmi.com/caselaws?id=89150 For captively consumed goods under Rule 6(b)(ii) of the Central Excise Valuation Rules, the dispute concerned whether the assessable value should include the company's gross profit or only net profit after depreciation and interest. The appellant relied on a section 37B order and accounting principles to support inclusion of net profit rather than gross profit. Because the lower authorities had not examined this specific valuation question, the record was insufficient for a final determination. The matter was remitted to the original adjudicating authority for fresh decision on the limited issue of the correct profit basis to be added in assessable value. en-us Thu, 06 Aug 1998 00:00:00 +0530 Fri, 23 Sep 2011 17:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89150 For captively consumed goods under Rule 6(b)(ii) of the Central Excise Valuation Rules, the dispute concerned whether the assessable value should include the company's gross profit or only net profit after depreciation and interest. The appellant relied on a section 37B order and accounting principles to support inclusion of net profit rather than gross profit. Because the lower authorities had not examined this specific valuation question, the record was insufficient for a final determination. The matter was remitted to the original adjudicating authority for fresh decision on the limited issue of the correct profit basis to be added in assessable value. Case-Laws Central Excise Thu, 06 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89150