https://www.taxtmi.com/caselaws?id=102896 For captively consumed goods not sold in the market, assessable value is to be determined on the basis of cost of production. Where valuation is worked out on costing and no sale price exists, no profit element is required to be added under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975. The commentary notes that the lower authority followed earlier orders on the same issue and adopted the same cost-based approach. The departmental challenge to adding profit margin therefore failed, and the valuation was upheld without any profit addition. en-us Thu, 08 Aug 1996 00:00:00 +0530 Thu, 16 Feb 2012 17:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102896 For captively consumed goods not sold in the market, assessable value is to be determined on the basis of cost of production. Where valuation is worked out on costing and no sale price exists, no profit element is required to be added under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975. The commentary notes that the lower authority followed earlier orders on the same issue and adopted the same cost-based approach. The departmental challenge to adding profit margin therefore failed, and the valuation was upheld without any profit addition. Case-Laws Central Excise Thu, 08 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102896