https://www.taxtmi.com/circulars?id=5759 Assessable value for captively consumed goods is to be calculated by determining current-year cost of production-including material, labour, overheads, administrative expenses, advertising, depreciation and interest-and loading onto that cost the profit margin derived from the previous year's audited profit before tax, expressed as a percentage of the prior year's cost of production; the prior methodology referencing net sales may continue, and supporting accounts and CA certificates must be scrutinised. en-us Wed, 30 Oct 1996 00:00:00 +0530 Sat, 14 Mar 2009 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5759 Assessable value for captively consumed goods is to be calculated by determining current-year cost of production-including material, labour, overheads, administrative expenses, advertising, depreciation and interest-and loading onto that cost the profit margin derived from the previous year's audited profit before tax, expressed as a percentage of the prior year's cost of production; the prior methodology referencing net sales may continue, and supporting accounts and CA certificates must be scrutinised. Circulars Central Excise Wed, 30 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5759