https://www.taxtmi.com/caselaws?id=221636 The Tribunal determined that Rule 8 of the Central Excise Valuation Rules, 2000 applied to goods used for consumption in production, not sold. It differentiated between old and new rules, concluding that profit addition was not warranted. Rule 11 was invoked as a residuary rule for valuation, considering the unique circumstances of captively consumed goods for electricity transmission. The original valuation method of 115% of production cost was deemed reasonable under Rule 11, leading to the appeal's allowance and restoration of the initial assessment method. The decision emphasized the importance of accurate application of valuation rules for fair assessments. en-us Thu, 01 Dec 2011 00:00:00 +0530 Fri, 22 Mar 2013 22:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221636 The Tribunal determined that Rule 8 of the Central Excise Valuation Rules, 2000 applied to goods used for consumption in production, not sold. It differentiated between old and new rules, concluding that profit addition was not warranted. Rule 11 was invoked as a residuary rule for valuation, considering the unique circumstances of captively consumed goods for electricity transmission. The original valuation method of 115% of production cost was deemed reasonable under Rule 11, leading to the appeal's allowance and restoration of the initial assessment method. The decision emphasized the importance of accurate application of valuation rules for fair assessments. Case-Laws Central Excise Thu, 01 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221636