https://www.taxtmi.com/caselaws?id=104336 Captively consumed goods must be valued on the basis of their own cost of production, with a reasonable notional profit added to arrive at assessable value. The profit element cannot be derived from the sales profit earned on the finished product, because that reflects the economics of the final and not the captive input. Applying that principle, the Tribunal treated a 10% margin on the cost of production of the captively consumed goods as reasonable and operative for valuation. en-us Thu, 18 Jan 1996 00:00:00 +0530 Tue, 28 Feb 2012 17:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104336 Captively consumed goods must be valued on the basis of their own cost of production, with a reasonable notional profit added to arrive at assessable value. The profit element cannot be derived from the sales profit earned on the finished product, because that reflects the economics of the final and not the captive input. Applying that principle, the Tribunal treated a 10% margin on the cost of production of the captively consumed goods as reasonable and operative for valuation. Case-Laws Central Excise Thu, 18 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104336