https://www.taxtmi.com/caselaws?id=202250 For captively consumed lead and zinc concentrate, valuation under the cost of production method required the profit element to be linked to the relevant product division, not to overall corporate or projected profit. An unrelated balance-sheet profit could not be added where the assessee was a multi-product entity and the profit attributable to the goods concerned was the proper basis. On the facts, the assessee's accounts showed losses for the relevant year, and the proposed uniform notional profit addition was not supported. The lower authorities' valuation was therefore sustained in favour of the assessee. en-us Tue, 24 Aug 2010 00:00:00 +0530 Fri, 04 Mar 2011 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202250 For captively consumed lead and zinc concentrate, valuation under the cost of production method required the profit element to be linked to the relevant product division, not to overall corporate or projected profit. An unrelated balance-sheet profit could not be added where the assessee was a multi-product entity and the profit attributable to the goods concerned was the proper basis. On the facts, the assessee's accounts showed losses for the relevant year, and the proposed uniform notional profit addition was not supported. The lower authorities' valuation was therefore sustained in favour of the assessee. Case-Laws Central Excise Tue, 24 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202250