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2014 (7) TMI 696 - AT - Central ExciseValuation of goods - Captive consumption - Matter referred to larger bench with following questions of law:- Whether, in the case of inter-unit transfer of goods for captive consumption, the entire value (i.e. 115%/110% of the cost of production) OR the actual cost of production (i.e. 100% of cost) excluding notional loading (i.e. 15%/10%) of the goods manufactured by the one 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 value under Rule 8 of Valuation Rules and CAS-4 issued by ICWAI, for transferring the goods to their other unit for further use. Whether the decision of Chennai Bench in the case of CCE Vs. Eveready Industries Ltd. - [2011 (4) TMI 141 - CESTAT, CHENNAI] OR the decision of Mumbai Bench in the case of Tata Iron and Steel Co. Ltd. Vs. CCE had enunciated the correct position of law on the above issue.
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