https://www.taxtmi.com/circulars?id=7274 Rule 6(b) offers two valuation methods: comparable goods value and cost of production plus the profit the assessee would have normally earned. Method (ii) is a fallback used when comparables are unavailable and involves a hypothetical, approximate profit. The Board, with the Ministry of Law, endorses using the immediately preceding year's profit margin as a reasonable estimate of the manufacturing profit under method (ii) and finds no need to amend the Valuation Rules to change that instruction. en-us Wed, 23 Jul 1986 00:00:00 +0530 Thu, 09 Jul 2009 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7274 Rule 6(b) offers two valuation methods: comparable goods value and cost of production plus the profit the assessee would have normally earned. Method (ii) is a fallback used when comparables are unavailable and involves a hypothetical, approximate profit. The Board, with the Ministry of Law, endorses using the immediately preceding year's profit margin as a reasonable estimate of the manufacturing profit under method (ii) and finds no need to amend the Valuation Rules to change that instruction. Circulars Central Excise Wed, 23 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7274