https://www.taxtmi.com/caselaws?id=53195 Captive consumption valuation under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975 requires the profit normally earned on sale of the goods being valued, not the overall profit of the assessee's business or other products. For captively consumed slides and inner frames, the cost of production also excludes interest and other financial charges on machinery loans under accepted costing principles. The valuation therefore has to be worked out on the specific cost-accounting basis applicable to the goods in question, rather than by reference to company-wide profitability. en-us Tue, 27 Jul 2004 00:00:00 +0530 Mon, 11 Oct 2010 15:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53195 Captive consumption valuation under Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975 requires the profit normally earned on sale of the goods being valued, not the overall profit of the assessee's business or other products. For captively consumed slides and inner frames, the cost of production also excludes interest and other financial charges on machinery loans under accepted costing principles. The valuation therefore has to be worked out on the specific cost-accounting basis applicable to the goods in question, rather than by reference to company-wide profitability. Case-Laws Central Excise Tue, 27 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53195