https://www.taxtmi.com/caselaws?id=337411 Processed grey fabrics were valued on a market-based cost approach under Rule 6(b)(i), with the assessee including yarn cost, conversion charges, wastage, process loss, and processing and packing charges. The commentary notes that the Revenue proposed to add balance-sheet items such as interest, administrative expenses, employee payments, and depreciation, but that approach lacked legal basis where market-based costing had already been accepted. It also states that a 10% notional profit margin demand and a penalty issue could not be reopened in de novo proceedings after earlier unchallenged orders had attained finality, so final findings on those points remained binding. en-us Mon, 02 Jan 2017 00:00:00 +0530 Wed, 15 Feb 2017 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337411 Processed grey fabrics were valued on a market-based cost approach under Rule 6(b)(i), with the assessee including yarn cost, conversion charges, wastage, process loss, and processing and packing charges. The commentary notes that the Revenue proposed to add balance-sheet items such as interest, administrative expenses, employee payments, and depreciation, but that approach lacked legal basis where market-based costing had already been accepted. It also states that a 10% notional profit margin demand and a penalty issue could not be reopened in de novo proceedings after earlier unchallenged orders had attained finality, so final findings on those points remained binding. Case-Laws Central Excise Mon, 02 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337411