https://www.taxtmi.com/caselaws?id=213146 Valuation of intermediate goods captively consumed for manufacture of final products was held to be correctly based on addition of notional profit of 10%, following the Tribunal's earlier decision in the assessee's own case for the prior period. The alternative approach of adding the previous year's profit element was not accepted. As differential duty had already been paid and credit had been taken by the recipient unit, no further adverse consequence by way of interest was warranted on the impugned order. The assessee's valuation was therefore upheld and additional interest liability was not imposed. en-us Tue, 14 Jun 2011 00:00:00 +0530 Thu, 19 Apr 2012 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213146 Valuation of intermediate goods captively consumed for manufacture of final products was held to be correctly based on addition of notional profit of 10%, following the Tribunal's earlier decision in the assessee's own case for the prior period. The alternative approach of adding the previous year's profit element was not accepted. As differential duty had already been paid and credit had been taken by the recipient unit, no further adverse consequence by way of interest was warranted on the impugned order. The assessee's valuation was therefore upheld and additional interest liability was not imposed. Case-Laws Central Excise Tue, 14 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213146