https://www.taxtmi.com/caselaws?id=117124 Captively consumed intermediate goods are to be valued on cost of production plus profit under Rule 6(b)(ii), and audited annual cost data may be preferred where it better reflects production cost than monthly figures. The valuation for the relevant period was sent back for fresh determination on that basis, with the assessee to be heard. The demand for April to June 2000 also required reconsideration because the assessment for that period had reportedly been finalised later, and the penalties were set aside pending fresh decision. The matter was remanded for reconsideration of valuation, the disputed demand period, and penalties. en-us Tue, 18 Oct 2005 00:00:00 +0530 Wed, 20 Jun 2012 14:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117124 Captively consumed intermediate goods are to be valued on cost of production plus profit under Rule 6(b)(ii), and audited annual cost data may be preferred where it better reflects production cost than monthly figures. The valuation for the relevant period was sent back for fresh determination on that basis, with the assessee to be heard. The demand for April to June 2000 also required reconsideration because the assessment for that period had reportedly been finalised later, and the penalties were set aside pending fresh decision. The matter was remanded for reconsideration of valuation, the disputed demand period, and penalties. Case-Laws Central Excise Tue, 18 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117124