2001 (7) TMI 1023 - AT - Central Excise

Summary

The judgment by the Appellate Tribunal CEGAT, New Delhi dealt with the assessable value of captively consumed goods under Rule 6(b)(ii) of Central Excise Valuation Rules. The Tribunal held that the profit to be considered is the profit the assessee would have normally earned on the sale of captively consumed goods. The Tribunal set aside the duty demand, interest, and penalty imposed by the Excise Authorities, as there was no justification for adding profit to the assessable value of captively consumed goods.