https://www.taxtmi.com/caselaws?id=261931 Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 applied to yarn captively consumed in the manufacture of unprocessed fabrics because the yarn was not sold and no comparable goods were shown to attract Rule 6(b)(i). Valuation under Rule 6(b)(ii) was to be based on cost of production or manufacture, together with profits the assessee would normally have earned on sale. The provision did not require proof of actual profit and permitted inclusion of notional profit. On that basis, the departmental valuation adding ten per cent notional profit was treated as reasonable. en-us Thu, 16 Jul 2015 00:00:00 +0530 Wed, 30 Sep 2015 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261931 Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 applied to yarn captively consumed in the manufacture of unprocessed fabrics because the yarn was not sold and no comparable goods were shown to attract Rule 6(b)(i). Valuation under Rule 6(b)(ii) was to be based on cost of production or manufacture, together with profits the assessee would normally have earned on sale. The provision did not require proof of actual profit and permitted inclusion of notional profit. On that basis, the departmental valuation adding ten per cent notional profit was treated as reasonable. Case-Laws Central Excise Thu, 16 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261931