https://www.taxtmi.com/caselaws?id=119042 In valuation of captively consumed goods under Rule 6(b)(2) of the Central Excise Valuation Rules, 1975, assessable value is confined to the profit normally earned on sale of such goods, not the manufacturer's overall profit or loss. Where the assessee has disclosed cost and sale price in the declaration and those particulars are not shown false, suppression of facts is absent and the extended limitation period is not available. The note states that these principles made the demand unsustainable both on limitation and on merits. 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 In valuation of captively consumed goods under Rule 6(b)(2) of the Central Excise Valuation Rules, 1975, assessable value is confined to the profit normally earned on sale of such goods, not the manufacturer's overall profit or loss. Where the assessee has disclosed cost and sale price in the declaration and those particulars are not shown false, suppression of facts is absent and the extended limitation period is not available. The note states that these principles made the demand unsustainable both on limitation and on merits. Case-Laws Central Excise Fri, 03 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119042