https://www.taxtmi.com/caselaws?id=97194 In valuing captively consumed goods under the cost construction method, depreciation on plant and machinery used in production is generally part of the cost of production and therefore includible in assessable value. However, the depreciation issue required verification because the machinery for the slides was said to have been fully depreciated, a factual claim not examined by the lower authority. Indirect overheads of the primary manufacturing department, including properly apportioned administrative and similar manufacturing expenses, were also includible because captive goods must bear their share of production overheads. The depreciation question was remanded for factual reconsideration, while inclusion of indirect overheads in valuation was upheld. en-us Mon, 30 Jul 2001 00:00:00 +0530 Sat, 14 Jan 2012 13:00:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97194 In valuing captively consumed goods under the cost construction method, depreciation on plant and machinery used in production is generally part of the cost of production and therefore includible in assessable value. However, the depreciation issue required verification because the machinery for the slides was said to have been fully depreciated, a factual claim not examined by the lower authority. Indirect overheads of the primary manufacturing department, including properly apportioned administrative and similar manufacturing expenses, were also includible because captive goods must bear their share of production overheads. The depreciation question was remanded for factual reconsideration, while inclusion of indirect overheads in valuation was upheld. Case-Laws Central Excise Mon, 30 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97194