Central Excise - Valuation - Suggestion to fix Notional Profit - Regarding

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s, New Delhi Subject : Central Excise - Valuation - Suggestion to fix Notional Profit - Regarding. As per the rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975, assessable value of goods consumed captively is determined by adding a reasonable margin of profit to the cost of manufacture. Lately, suggestion has been made from several parties to amend the rule 6(b) (ii) by fixing a un....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....balance sheet for similar goods or other goods. (g) If the value is based on price of comparable goods, indicate cost of manufacture of subject goods, if declared and the price of comparable goods. (h) What in the opinion of the Asstt. Collector/Superintendent would be the approximate percentage of profit that could be gained by selling similar goods. (survey could be undertaken with other m....