https://www.taxtmi.com/caselaws?id=366204 The Supreme Court interpreted the Central Excise (Valuation) Rules, 1975, in a case involving the valuation of captively consumed goods by M/s Golden Tobacco Limited. The Court held that a notional profit margin of 10% should be added if the assessee fails to establish a lower profit margin. Emphasizing the need to consider notional profits in such valuations, the Tribunal dismissed the appeal on 29/08/2018, highlighting the importance of relevant data and evidence in determining the profit element for duty assessment. en-us Wed, 29 Aug 2018 00:00:00 +0530 Thu, 05 Mar 2020 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366204 The Supreme Court interpreted the Central Excise (Valuation) Rules, 1975, in a case involving the valuation of captively consumed goods by M/s Golden Tobacco Limited. The Court held that a notional profit margin of 10% should be added if the assessee fails to establish a lower profit margin. Emphasizing the need to consider notional profits in such valuations, the Tribunal dismissed the appeal on 29/08/2018, highlighting the importance of relevant data and evidence in determining the profit element for duty assessment. Case-Laws Central Excise Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366204