https://www.taxtmi.com/caselaws?id=97455 For captively consumed IC engines valued under Rule 6(b)(ii), assessable value may include notional profit based on what the assessee would normally earn on sale of the goods. The fact that only a small part of the final product was sold, while the balance was transferred to Indian Railways, did not make the profit element irrelevant where sales at arm's length showed actual profit earning capacity. The percentage of sales was treated as immaterial, and the lower appellate authority's adoption of a moderate 15% profit figure was found legally and factually proper. en-us Fri, 16 Jul 1999 00:00:00 +0530 Mon, 16 Jan 2012 17:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97455 For captively consumed IC engines valued under Rule 6(b)(ii), assessable value may include notional profit based on what the assessee would normally earn on sale of the goods. The fact that only a small part of the final product was sold, while the balance was transferred to Indian Railways, did not make the profit element irrelevant where sales at arm's length showed actual profit earning capacity. The percentage of sales was treated as immaterial, and the lower appellate authority's adoption of a moderate 15% profit figure was found legally and factually proper. Case-Laws Central Excise Fri, 16 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97455