https://www.taxtmi.com/caselaws?id=53606 For captively consumed yarn, cone winding charges incurred after duty had already been paid at the spindle stage were treated as a post-manufacturing expense and excluded from the cost of production for valuation purposes. By contrast, Rule 6(b)(ii) of the Central Excise Valuation Rules permitted addition of profit, if any, while computing the value of captively consumed goods, so notional profit was includible. The valuation principle applied therefore required exclusion of post-duty manufacturing expenses but allowed inclusion of admissible profit in the cost base. en-us Thu, 14 Oct 2004 00:00:00 +0530 Thu, 14 Oct 2010 12:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53606 For captively consumed yarn, cone winding charges incurred after duty had already been paid at the spindle stage were treated as a post-manufacturing expense and excluded from the cost of production for valuation purposes. By contrast, Rule 6(b)(ii) of the Central Excise Valuation Rules permitted addition of profit, if any, while computing the value of captively consumed goods, so notional profit was includible. The valuation principle applied therefore required exclusion of post-duty manufacturing expenses but allowed inclusion of admissible profit in the cost base. Case-Laws Central Excise Thu, 14 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53606