Appellate tribunal upholds assessable value determination for yarn transfers

The appellate tribunal dismissed the assessee's appeal on the assessable value of yarn transferred to sister units for captive consumption. It was held that if the price under Section 4(1)(a) of the Central Excise Act is ascertainable, there is no requirement to apply Section 4(1)(b) or valuation rules, citing precedent from previous tribunal decisions and the Supreme Court case of Ashok Leyland Ltd. v. CCE, Madras.

---

---

The appellate tribunal dismissed the appeal by the assessee regarding the assessable value of yarn transferred to sister units for captive consumption. The tribunal stated that if the price under Section 4(1)(a) of the Central Excise Act is available, there is no need to resort to Section 4(1)(b) or valuation rules. The decision was based on previous tribunal rulings and the Apex Court case of Ashok Leyland Ltd. v. CCE, Madras.

---