Method of valuation - Revenue neutrality - Extended period of ...
Central Excise
April 30, 2024
Method of valuation - Revenue neutrality - Extended period of limitation - goods transferred to another unit for captive consumption - to be valued in accordance with Rule 8 of the Valuation Rules or under Rule 4 - the tribunal upheld the appellant's argument that the valuation should be done in accordance with CAS-4, as mandated by relevant circulars and legal precedents. The tribunal also found in favor of the appellant on the issue of limitation, ruling that the show-cause notice issued beyond the normal limitation period was barred.
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