https://www.taxtmi.com/caselaws?id=440 For captively consumed goods valued under Rule 6(b)(ii), genuine selling, administration and interest expenses could not be excluded from the profit computation merely because the intermediate goods were not sold in the market, and the assessable value had to be redetermined on the proper profit base. The issue of abatement of central excise duty on bought out components used in IC engines consumed in exempted tractors was remanded for factual verification by the adjudicating authority after hearing the parties. Penalty was not sustainable on the valuation record and was set aside. en-us Fri, 14 Oct 2005 00:00:00 +0530 Sun, 13 Apr 2008 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440 For captively consumed goods valued under Rule 6(b)(ii), genuine selling, administration and interest expenses could not be excluded from the profit computation merely because the intermediate goods were not sold in the market, and the assessable value had to be redetermined on the proper profit base. The issue of abatement of central excise duty on bought out components used in IC engines consumed in exempted tractors was remanded for factual verification by the adjudicating authority after hearing the parties. Penalty was not sustainable on the valuation record and was set aside. Case-Laws Central Excise Fri, 14 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440