https://www.taxtmi.com/caselaws?id=2757 Debits raised through debit notes were included in captive-consumption value under Rule 6(b)(ii) of the Valuation Rules, 1975, and the assessee's attempt to treat them as abnormal expenditure was rejected. Designs and development charges were also held includible because the designs and drawings were supplied under the manufacturing contract and were integral to production. By contrast, notional interest on advances was disallowed since the Revenue did not prove that the advances influenced price or that comparable higher-priced sales existed without advances. The invoice-price benefit under Notification No. 120/75-C.E. could not be denied merely because assessable value was higher than invoice value, and the related penalty was reduced. en-us Tue, 10 Jul 2007 00:00:00 +0530 Wed, 16 Apr 2008 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2757 Debits raised through debit notes were included in captive-consumption value under Rule 6(b)(ii) of the Valuation Rules, 1975, and the assessee's attempt to treat them as abnormal expenditure was rejected. Designs and development charges were also held includible because the designs and drawings were supplied under the manufacturing contract and were integral to production. By contrast, notional interest on advances was disallowed since the Revenue did not prove that the advances influenced price or that comparable higher-priced sales existed without advances. The invoice-price benefit under Notification No. 120/75-C.E. could not be denied merely because assessable value was higher than invoice value, and the related penalty was reduced. Case-Laws Central Excise Tue, 10 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2757