https://www.taxtmi.com/caselaws?id=258110 Captive-consumption valuation under Rule 6(b)(i) of the Central Excise (Valuation) Rules, 1975 requires adoption of comparable market value with reasonable adjustments for differences, but costs incurred only for market sale of the finished yarn, such as winding, warping, sizing, packing and allied selling expenses, cannot be loaded into the captively consumed product. The valuation therefore has to be recomputed after excluding those sale-related costs. On the penalty issue, once the dispute concerned wrongly denied adjustments in valuation, the penalty could not be sustained and was set aside. en-us Wed, 11 Mar 2015 00:00:00 +0530 Thu, 25 Jun 2015 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258110 Captive-consumption valuation under Rule 6(b)(i) of the Central Excise (Valuation) Rules, 1975 requires adoption of comparable market value with reasonable adjustments for differences, but costs incurred only for market sale of the finished yarn, such as winding, warping, sizing, packing and allied selling expenses, cannot be loaded into the captively consumed product. The valuation therefore has to be recomputed after excluding those sale-related costs. On the penalty issue, once the dispute concerned wrongly denied adjustments in valuation, the penalty could not be sustained and was set aside. Case-Laws Central Excise Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258110