https://www.taxtmi.com/caselaws?id=339185 For captive consumption, assessable value of manufactured goods cannot be artificially increased by adding notional profit unless the valuation provision specifically requires it. Applying the Supreme Court principle on captive-use valuation, the Tribunal found no basis to add 10% notional profit to the cost of production for tower components used within the manufacturer's organisation. It also treated the duty paid on the enhanced valuation as having been paid under protest and held that the demand rested on an incorrect basis under Rule 8 read with Rule 9 of the Central Excise Valuation Rules, 2000 and Section 4(1)(b) of the Central Excise Act, 1944, making the refund claim allowable. en-us Wed, 11 Jan 2017 00:00:00 +0530 Tue, 21 Feb 2017 00:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339185 For captive consumption, assessable value of manufactured goods cannot be artificially increased by adding notional profit unless the valuation provision specifically requires it. Applying the Supreme Court principle on captive-use valuation, the Tribunal found no basis to add 10% notional profit to the cost of production for tower components used within the manufacturer's organisation. It also treated the duty paid on the enhanced valuation as having been paid under protest and held that the demand rested on an incorrect basis under Rule 8 read with Rule 9 of the Central Excise Valuation Rules, 2000 and Section 4(1)(b) of the Central Excise Act, 1944, making the refund claim allowable. Case-Laws Central Excise Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339185