https://www.taxtmi.com/caselaws?id=108037 Rule 8 of the Central Excise Valuation Rules governs captive consumption valuation, and the inclusion of interest in the assessable value of processed fabrics was treated as prima facie valid. A plea that the unit's loss-making position prevented addition of interest was found untenable on the face of the rule. The further contention that a lower 1.9% interest addition had already been made was also rejected because the effective declaration from 1-7-2001 did not specify any additional interest at any rate. On that basis, waiver of the entire pre-deposit was declined and deposit of the duty amount was directed. en-us Mon, 06 Oct 2003 00:00:00 +0530 Wed, 28 Mar 2012 14:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108037 Rule 8 of the Central Excise Valuation Rules governs captive consumption valuation, and the inclusion of interest in the assessable value of processed fabrics was treated as prima facie valid. A plea that the unit's loss-making position prevented addition of interest was found untenable on the face of the rule. The further contention that a lower 1.9% interest addition had already been made was also rejected because the effective declaration from 1-7-2001 did not specify any additional interest at any rate. On that basis, waiver of the entire pre-deposit was declined and deposit of the duty amount was directed. Case-Laws Central Excise Mon, 06 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108037