https://www.taxtmi.com/caselaws?id=221421 Valuation of captively consumed intermediate goods under Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 is confined to the cost of production or manufacture of those goods plus the reasonable profit normally attributable to those goods. The profit element cannot be expanded to include margins from other divisions or the factory as a whole. The Board circular was read consistently with this principle, and the earlier view limiting valuation to the captive-product division was affirmed. The stated effect is that the assessable value of the intermediate product must be determined only by reference to its own production cost and related profit, not unrelated business profits. en-us Fri, 09 Nov 2012 00:00:00 +0530 Mon, 11 Mar 2013 11:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221421 Valuation of captively consumed intermediate goods under Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 is confined to the cost of production or manufacture of those goods plus the reasonable profit normally attributable to those goods. The profit element cannot be expanded to include margins from other divisions or the factory as a whole. The Board circular was read consistently with this principle, and the earlier view limiting valuation to the captive-product division was affirmed. The stated effect is that the assessable value of the intermediate product must be determined only by reference to its own production cost and related profit, not unrelated business profits. Case-Laws Central Excise Fri, 09 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221421