https://www.taxtmi.com/caselaws?id=212641 Captively consumed zinc and lead concentrates valued under Rule 6(b)(ii) must be assessed on accepted cost-of-production principles. CAS-4 excludes interest on loans from the elements of production cost, so that component could not be added to the valuation. Alleged loss of raw materials also could not be included because the department produced no evidence that the loss related to a recoverable production cost. The revenue valuation on both components was therefore unsustainable, and the consequential demand failed. en-us Mon, 04 Jul 2011 00:00:00 +0530 Thu, 13 Jun 2013 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212641 Captively consumed zinc and lead concentrates valued under Rule 6(b)(ii) must be assessed on accepted cost-of-production principles. CAS-4 excludes interest on loans from the elements of production cost, so that component could not be added to the valuation. Alleged loss of raw materials also could not be included because the department produced no evidence that the loss related to a recoverable production cost. The revenue valuation on both components was therefore unsustainable, and the consequential demand failed. Case-Laws Central Excise Mon, 04 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212641