https://www.taxtmi.com/caselaws?id=40831 For excisable component parts not sold in the market, assessable value under Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 includes cost of manufacture plus a reasonable margin of manufacturing profit. Where actual profit cannot be determined exactly, a reasonable estimate may be made on objective material, and the manufacturer's profit and loss account can provide a logical basis for that estimate. The Government accepted that assessable value is not confined to manufacturing cost alone and upheld the valuation adopted by the lower authorities, finding the suggested alternative methods less appropriate on the facts. en-us Wed, 16 Jan 1980 00:00:00 +0530 Sat, 15 May 2010 11:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40831 For excisable component parts not sold in the market, assessable value under Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 includes cost of manufacture plus a reasonable margin of manufacturing profit. Where actual profit cannot be determined exactly, a reasonable estimate may be made on objective material, and the manufacturer's profit and loss account can provide a logical basis for that estimate. The Government accepted that assessable value is not confined to manufacturing cost alone and upheld the valuation adopted by the lower authorities, finding the suggested alternative methods less appropriate on the facts. Case-Laws Central Excise Wed, 16 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40831