Accounting for captive consumption

For the purpose of excise duty, Valuation of captively consumed goods has to be made by Rule 8 of central excise valuation rules, 2000. Further, there is a rule for availing cenvat credit etc. Read rule 8. U wl come to knw. If u dint get then wil try to send it by mail.

While ascertaining the value of captive goods..say u used raw material(direct material) 'Z' which was used in manufacturing captive goods.Then whether we have to consider portion of excise duty on raw material 'Z' , which is further depends on whether cenvat credit taken on inputs(raw material) . Accordingly, we have to account cenvat credit on raw material portion. One more important thing is..after applying rule 8 i.e as per this rule..assessable value is 110% of the cost of production. So, some other accounting of cenvat credit aspects comes when captively consumed goods is a capital goods. If u r interest to knw, send u the details by mail. Max i can say 3 pgs content.