https://www.taxtmi.com/caselaws?id=54774 A finalised excise assessment could not be reopened merely because a retrospective amalgamation order and revised price lists were later filed; the earlier liability had already crystallised, so the differential duty demand was unsustainable. For captively consumed goods, assessable value had to be determined on a notional profit basis of 10%, not by importing the profit margin of the final products. Both valuation and reassessment issues were resolved in favour of the assessee, and the demand was set aside with consequential relief. en-us Mon, 28 Nov 2005 00:00:00 +0530 Fri, 22 Oct 2010 10:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54774 A finalised excise assessment could not be reopened merely because a retrospective amalgamation order and revised price lists were later filed; the earlier liability had already crystallised, so the differential duty demand was unsustainable. For captively consumed goods, assessable value had to be determined on a notional profit basis of 10%, not by importing the profit margin of the final products. Both valuation and reassessment issues were resolved in favour of the assessee, and the demand was set aside with consequential relief. Case-Laws Central Excise Mon, 28 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54774