https://www.taxtmi.com/caselaws?id=103546 For captively consumed goods, assessable value under Rule 6(b)(ii) must include only the normal profit relatable to the goods under assessment, not the overall profit earned from the assessee's other manufactured products. The stated analysis notes that, where cost audit material is undisputed and there is no finding of profit on the goods in question, adding profit from a different manufacturing unit to the value of captively consumed parts is unsustainable. On that basis, the addition to assessable value was not justified and the duty demand, interest, and penalty were said to be quashed in favour of the assessee. en-us Thu, 19 Jul 2001 00:00:00 +0530 Thu, 23 Feb 2012 16:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103546 For captively consumed goods, assessable value under Rule 6(b)(ii) must include only the normal profit relatable to the goods under assessment, not the overall profit earned from the assessee's other manufactured products. The stated analysis notes that, where cost audit material is undisputed and there is no finding of profit on the goods in question, adding profit from a different manufacturing unit to the value of captively consumed parts is unsustainable. On that basis, the addition to assessable value was not justified and the duty demand, interest, and penalty were said to be quashed in favour of the assessee. Case-Laws Central Excise Thu, 19 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103546