https://www.taxtmi.com/caselaws?id=119042 Captive-consumption valuation under the Central Excise Valuation Rules, 1975 is confined to the profit normally earned from sale of the particular goods, rather than the manufacturer's overall profit or loss. Where the assessee has disclosed cost of production and sale-price particulars, and those disclosures are not false, the extended limitation period cannot be invoked without suppression of material facts. On these principles, a demand based on enterprise-wide profitability and extended limitation was treated as unsustainable. en-us Fri, 03 Feb 2006 00:00:00 +0530 Sat, 07 Jul 2012 16:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119042 Captive-consumption valuation under the Central Excise Valuation Rules, 1975 is confined to the profit normally earned from sale of the particular goods, rather than the manufacturer's overall profit or loss. Where the assessee has disclosed cost of production and sale-price particulars, and those disclosures are not false, the extended limitation period cannot be invoked without suppression of material facts. On these principles, a demand based on enterprise-wide profitability and extended limitation was treated as unsustainable. Case-Laws Central Excise Fri, 03 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119042