https://www.taxtmi.com/caselaws?id=96068 For captively consumed goods, assessable value must be determined under the prescribed valuation mechanism where comparable goods are unavailable, and it should reflect cost of production plus the profit normally earned on sale, even if not actually realised. The earlier view that actual profit from another division could not be included did not control where the relevant notional profit element had been omitted from valuation. The matter was remanded for fresh determination by the adjudicating authority on whether the notional profit element was lower than the percentage adopted by the department. en-us Thu, 01 Jan 2009 00:00:00 +0530 Sat, 17 Dec 2011 10:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96068 For captively consumed goods, assessable value must be determined under the prescribed valuation mechanism where comparable goods are unavailable, and it should reflect cost of production plus the profit normally earned on sale, even if not actually realised. The earlier view that actual profit from another division could not be included did not control where the relevant notional profit element had been omitted from valuation. The matter was remanded for fresh determination by the adjudicating authority on whether the notional profit element was lower than the percentage adopted by the department. Case-Laws Central Excise Thu, 01 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96068