https://www.taxtmi.com/caselaws?id=207570 The appellate authority set aside the Commissioner(Appeals)'s order adding a notional profit of 10% to the assessable value of yarn cleared for captive consumption, totaling Rs.77,72,869. The case was remanded to the original adjudicating authority to determine the notional profit based on the profit earned only by the textile division, excluding profits from other divisions of the factory. The Tribunal's decision emphasized that notional profit should be added to the cost of production, even if not actually earned, as per relevant precedents. The Stay Petition and appeal were disposed of accordingly. en-us Tue, 05 Jul 2011 00:00:00 +0530 Sat, 17 Dec 2011 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207570 The appellate authority set aside the Commissioner(Appeals)'s order adding a notional profit of 10% to the assessable value of yarn cleared for captive consumption, totaling Rs.77,72,869. The case was remanded to the original adjudicating authority to determine the notional profit based on the profit earned only by the textile division, excluding profits from other divisions of the factory. The Tribunal's decision emphasized that notional profit should be added to the cost of production, even if not actually earned, as per relevant precedents. The Stay Petition and appeal were disposed of accordingly. Case-Laws Central Excise Tue, 05 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207570