https://www.taxtmi.com/caselaws?id=97037 For goods captively consumed, valuation under the applicable rules must be based on cost of production or manufacture including profits, if any, that would normally have been earned on sale. Where the assessee showed that no profit had actually been earned during the relevant period and the Department did not rebut that claim, addition of a notional 10% profit was not warranted. The operative point is that profit can be included only when there is evidence that it was actually earned or would normally have arisen on sale; a bare notional uplift is insufficient. en-us Mon, 04 Sep 2000 00:00:00 +0530 Fri, 13 Jan 2012 17:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97037 For goods captively consumed, valuation under the applicable rules must be based on cost of production or manufacture including profits, if any, that would normally have been earned on sale. Where the assessee showed that no profit had actually been earned during the relevant period and the Department did not rebut that claim, addition of a notional 10% profit was not warranted. The operative point is that profit can be included only when there is evidence that it was actually earned or would normally have arisen on sale; a bare notional uplift is insufficient. Case-Laws Central Excise Mon, 04 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97037