https://www.taxtmi.com/caselaws?id=1026 Valuation of captively consumed goods was held to follow CAS-4 costing principles, and the revenue's attempt to challenge the earlier concession on that point was not entertained. In computing assessable value under rule 6(b)(ii), only profit relatable to the product in question could be added as notional profit; overall group profit could not be substituted. The Court also rejected a fresh contention raised for the first time in appeal against the Tribunal's recorded concession. The Tribunal's remand on valuation and its product-specific profit approach were therefore confirmed, and the appeal failed in full. en-us Tue, 12 Sep 2006 00:00:00 +0530 Mon, 14 Apr 2008 05:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1026 Valuation of captively consumed goods was held to follow CAS-4 costing principles, and the revenue's attempt to challenge the earlier concession on that point was not entertained. In computing assessable value under rule 6(b)(ii), only profit relatable to the product in question could be added as notional profit; overall group profit could not be substituted. The Court also rejected a fresh contention raised for the first time in appeal against the Tribunal's recorded concession. The Tribunal's remand on valuation and its product-specific profit approach were therefore confirmed, and the appeal failed in full. Case-Laws Central Excise Tue, 12 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1026