https://www.taxtmi.com/caselaws?id=114145 Captively consumed goods that differ in specification and standard from factory-gate goods may be valued under the cost-based method in Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975, rather than by comparison under Rule 6(b)(i). A 10% notional profit may be added where the record supports a reasonable margin of return and the assessee does not establish a lower figure. Deliberate misdeclaration of comparability can justify invocation of the extended limitation period under Section 11A(1), and a revenue-neutrality plea does not negate suppression when concealment is shown. Penalties and interest must conform to the statutory period of operation, and individual penalties depend on proof of personal involvement. en-us Fri, 01 Oct 2004 00:00:00 +0530 Wed, 05 Jun 2024 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114145 Captively consumed goods that differ in specification and standard from factory-gate goods may be valued under the cost-based method in Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975, rather than by comparison under Rule 6(b)(i). A 10% notional profit may be added where the record supports a reasonable margin of return and the assessee does not establish a lower figure. Deliberate misdeclaration of comparability can justify invocation of the extended limitation period under Section 11A(1), and a revenue-neutrality plea does not negate suppression when concealment is shown. Penalties and interest must conform to the statutory period of operation, and individual penalties depend on proof of personal involvement. Case-Laws Central Excise Fri, 01 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114145