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2011 (7) TMI 424 - AT - Central ExciseValuation - Captive consumption - notional profit - it is the notional profit earned by the textile division only which has to be taken into consideration and the profit earned by the chemical division of the same factory is not to be considered - Since even the notional profit has not been included in the assessable value, set aside the impugned order and remit the case to the adjudicating authority for the assessee to satisfy him that notional profit of less than 2.43% (as reflected in the balance sheet of all the divisions of the assessee company) has to be included in the cost of production and in case the assessee fails to satisfy the adjudicating authority that the notional profit should be less than 2.43%, it is open to the Revenue to add 2.43% to the cost of production to arrive at the assessable value of the goods.
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