2001 (8) TMI 833 - AT - Central Excise

Summary

The judgment by the Appellate Tribunal CEGAT, Mumbai dealt with the valuation of goods captively consumed by an assessee. The tribunal ruled that the price at which goods are sold to outside customers should be adopted for captive consumption. However, they also found that the duty demand was barred by limitation as the department had knowledge of the lower rate at which goods were being cleared for captive consumption. The appeal was allowed on limitation grounds, setting aside the impugned order.