https://www.taxtmi.com/caselaws?id=4230 For captively consumed intermediate goods not sold in the market, valuation had to be made on a cost-plus basis under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975, and the profit margin of the final product could not be mechanically applied to the intermediates. A 10% notional profit margin had earlier been treated as reasonable on the assessee's own clearances, and there was no legal basis for adopting a higher margin linked to the final product. The valuation adopted by the assessee was therefore accepted and the higher-demand basis was rejected. en-us Mon, 28 Jan 2008 00:00:00 +0530 Sat, 14 Jun 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4230 For captively consumed intermediate goods not sold in the market, valuation had to be made on a cost-plus basis under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975, and the profit margin of the final product could not be mechanically applied to the intermediates. A 10% notional profit margin had earlier been treated as reasonable on the assessee's own clearances, and there was no legal basis for adopting a higher margin linked to the final product. The valuation adopted by the assessee was therefore accepted and the higher-demand basis was rejected. Case-Laws Central Excise Mon, 28 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4230