https://www.taxtmi.com/caselaws?id=93195 Genuine factory-gate wholesale sale price of identical goods can be used to value captively consumed goods, even where the sales volume is small, so long as the price is commercial and not shown to be manipulated or to involve related-person dealings. For goods without a comparable sale price, valuation must proceed on correct cost-accounting principles, taking all elements of production into account and deriving profit from the books rather than presuming it. The earlier costing directions were found defective, so the matter was remitted for fresh determination on an open basis. en-us Mon, 29 Nov 1999 00:00:00 +0530 Tue, 08 Nov 2011 18:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93195 Genuine factory-gate wholesale sale price of identical goods can be used to value captively consumed goods, even where the sales volume is small, so long as the price is commercial and not shown to be manipulated or to involve related-person dealings. For goods without a comparable sale price, valuation must proceed on correct cost-accounting principles, taking all elements of production into account and deriving profit from the books rather than presuming it. The earlier costing directions were found defective, so the matter was remitted for fresh determination on an open basis. Case-Laws Central Excise Mon, 29 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93195