https://www.taxtmi.com/caselaws?id=77983 Extended limitation under the Central Excise Act is unavailable where valuation methods and relevant facts were disclosed and the dispute concerns assessment methodology rather than suppression or deliberate evasion. Captive clearances and inter-unit transfers governed by Rule 8 of the Valuation Rules, 2000 require valuation at 115% of cost of production. Cost computation should avoid duplicate catalyst depreciation, deduct realisations from spent catalyst, exclude interest and financial charges, and not apply a higher notional or general corporate profit margin to the intermediate product. Valuation demands require redetermination using these principles. en-us Fri, 26 Aug 2005 00:00:00 +0530 Thu, 02 May 2024 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77983 Extended limitation under the Central Excise Act is unavailable where valuation methods and relevant facts were disclosed and the dispute concerns assessment methodology rather than suppression or deliberate evasion. Captive clearances and inter-unit transfers governed by Rule 8 of the Valuation Rules, 2000 require valuation at 115% of cost of production. Cost computation should avoid duplicate catalyst depreciation, deduct realisations from spent catalyst, exclude interest and financial charges, and not apply a higher notional or general corporate profit margin to the intermediate product. Valuation demands require redetermination using these principles. Case-Laws Central Excise Fri, 26 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77983