https://www.taxtmi.com/caselaws?id=209226 Captively consumed goods were to be valued on cost of production, with CAS-4 treated as the governing method for computing that cost. The later CBEC circular on valuation was applied retrospectively, but on that basis head office administrative overheads, marketing, selling and distribution expenses, and interest were not includible in assessable value. Research and development cost, already reflected in the final product, did not warrant an additional loading. The disputed expenses were therefore excluded from valuation, and the order dropping demand, penalty and interest was sustained; the departmental appeal failed. en-us Thu, 03 Feb 2011 00:00:00 +0530 Mon, 29 Jul 2013 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209226 Captively consumed goods were to be valued on cost of production, with CAS-4 treated as the governing method for computing that cost. The later CBEC circular on valuation was applied retrospectively, but on that basis head office administrative overheads, marketing, selling and distribution expenses, and interest were not includible in assessable value. Research and development cost, already reflected in the final product, did not warrant an additional loading. The disputed expenses were therefore excluded from valuation, and the order dropping demand, penalty and interest was sustained; the departmental appeal failed. Case-Laws Central Excise Thu, 03 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209226