https://www.taxtmi.com/caselaws?id=78194 Valuation of captive clearances of pigments, dyes and binders was examined on a cost-construction basis under CAS-4, but the Revenue failed to produce concrete evidence of undervaluation. The existing assessments had already been verified, the assessees' available cost sheets and records were examined to the extent possible, and the notional loading adopted by the department was found arbitrary. In these circumstances, remand for fresh valuation was held to serve no useful purpose, particularly after prolonged litigation and the absence of reliable further records. The request for remand was rejected and no additional duty demand was sustained beyond the admitted and paid amount. en-us Thu, 21 Jan 2010 00:00:00 +0530 Mon, 08 Nov 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78194 Valuation of captive clearances of pigments, dyes and binders was examined on a cost-construction basis under CAS-4, but the Revenue failed to produce concrete evidence of undervaluation. The existing assessments had already been verified, the assessees' available cost sheets and records were examined to the extent possible, and the notional loading adopted by the department was found arbitrary. In these circumstances, remand for fresh valuation was held to serve no useful purpose, particularly after prolonged litigation and the absence of reliable further records. The request for remand was rejected and no additional duty demand was sustained beyond the admitted and paid amount. Case-Laws Central Excise Thu, 21 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78194