https://www.taxtmi.com/caselaws?id=221833 Valuation of captively consumed goods must follow accepted costing principles and CAS-4. Under that framework, interest on loans does not form part of the cost of production, so it cannot be added to the value of castings cleared for captive consumption. The earlier Board circular aligned with this costing method, and the Supreme Court had already confirmed that captive consumption valuation must be computed strictly on accepted costing principles and CAS-4, even for prior periods. On that basis, inclusion of loan interest was rejected and the duty demand founded on such inclusion was unsustainable. en-us Tue, 10 Jul 2012 00:00:00 +0530 Tue, 02 Apr 2013 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221833 Valuation of captively consumed goods must follow accepted costing principles and CAS-4. Under that framework, interest on loans does not form part of the cost of production, so it cannot be added to the value of castings cleared for captive consumption. The earlier Board circular aligned with this costing method, and the Supreme Court had already confirmed that captive consumption valuation must be computed strictly on accepted costing principles and CAS-4, even for prior periods. On that basis, inclusion of loan interest was rejected and the duty demand founded on such inclusion was unsustainable. Case-Laws Central Excise Tue, 10 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221833