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2011 (4) TMI 141 - AT - Central ExciseValuation of intermediate products - Rule 8 of Central Excise Valuation Rules, 2000 the value is to be determined based on cost of production + 15% notional margin - The company is maintaining cost accounting records as required under Section 209 (1) (d) of the Companies Act - The cost of materials consumed includes materials transferred from other units of the company valued as per Cost Accounting Records maintained U/S 209 (1) (d), in accordance with Clause 6 of CAS 4 – As per the case of Union Carbide India Ltd. Vs Collector of Central Excise, Calcutta [2003 (9) TMI 89 - SUPREME COURT OF INDIA], – Appeal in fovour of the assessee.
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