https://www.taxtmi.com/caselaws?id=48873 Rule 6(b)(ii) valuation of captively consumed goods requires addition of only the projected gross profit attributable to the goods under assessment; profit from other products or activities is irrelevant, and the reference is to a normal sale profit that would have been earned on those goods. Where the assessee's price list and valuation followed the Board's circular on inclusion of prior year profit, the revenue could not sustain a demand beyond that prescribed method. Penalties, being consequential, also failed once the duty demand was set aside. en-us Wed, 28 Mar 2001 00:00:00 +0530 Fri, 09 Jan 2026 14:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48873 Rule 6(b)(ii) valuation of captively consumed goods requires addition of only the projected gross profit attributable to the goods under assessment; profit from other products or activities is irrelevant, and the reference is to a normal sale profit that would have been earned on those goods. Where the assessee's price list and valuation followed the Board's circular on inclusion of prior year profit, the revenue could not sustain a demand beyond that prescribed method. Penalties, being consequential, also failed once the duty demand was set aside. Case-Laws Central Excise Wed, 28 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48873