https://www.taxtmi.com/article/detailed?id=6552 The applicable cost accounting framework treats the core cost of production as excluding financing cost, accounting depreciation and a direct profit element when determining manufacturing cost for valuation purposes. Accordingly, interest expenditure, depreciation and profit margin are not to be added into the cost of production for the purpose of arriving at the excise valuation under the cited cost accounting standard. en-us Tue, 01 Dec 2015 11:14:37 +0530 Tue, 01 Dec 2015 11:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6552 The applicable cost accounting framework treats the core cost of production as excluding financing cost, accounting depreciation and a direct profit element when determining manufacturing cost for valuation purposes. Accordingly, interest expenditure, depreciation and profit margin are not to be added into the cost of production for the purpose of arriving at the excise valuation under the cited cost accounting standard. Articles Central Excise Tue, 01 Dec 2015 11:14:37 +0530 https://www.taxtmi.com/article/detailed?id=6552