https://www.taxtmi.com/caselaws?id=90658 For captive consumption valuation under Rule 6(b)(ii) of the Central Excise (Valuation) Rules, the profit element to be added to cost of production was held to be gross profit, not net profit. Gross profit was treated as the proper valuation input because it did not duplicate any item already included in manufacturing cost, while net profit emerged only after excluding depreciation. The objection of double accounting was rejected on the facts, though duplication of overheads already included in cost was disallowed. Consequential relief was also recognised, and unjust enrichment under Section 11B(2) was held not to apply to captive consumption. en-us Tue, 28 Jul 1998 00:00:00 +0530 Mon, 10 Oct 2011 16:02:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90658 For captive consumption valuation under Rule 6(b)(ii) of the Central Excise (Valuation) Rules, the profit element to be added to cost of production was held to be gross profit, not net profit. Gross profit was treated as the proper valuation input because it did not duplicate any item already included in manufacturing cost, while net profit emerged only after excluding depreciation. The objection of double accounting was rejected on the facts, though duplication of overheads already included in cost was disallowed. Consequential relief was also recognised, and unjust enrichment under Section 11B(2) was held not to apply to captive consumption. Case-Laws Central Excise Tue, 28 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90658