Home Case Index All Cases Central Excise Central Excise + HC Central Excise - 2023 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (10) TMI 55 - BOMBAY HIGH COURTValuation of Inter-unit transfer of goods for captive consumption - entire value (i.e. 115% / 110% of the cost of production) or the actual cost of production (that is 100% of cost) excluding notional loading (that is 115% / 110%) of the goods manufactured by 1 unit, would be the cost of raw material of the another unit (who used the goods in the manufacture of another article) for the purpose of determining the value under Rule 8 of the Valuation Rules and Cost Accounting Standard-4 issued by ICWAI - Confiscation of goods - imposition of redemption fine - penalty. HELD THAT:- It would be appropriate that this appeal is remanded to the Tribunal by setting aside the impugned order dated 22nd March 2013 with a direction that the Tribunal on remand reconsiders the issue in the light of the decision of the larger bench in the case of M/S ITC LTD. VERSUS COMMISSIONER OF CENTRAL EXCISE, CHENNAI [2016 (4) TMI 280 - CESTAT CHENNAI]. Appeal disposed off.
|