https://www.taxtmi.com/caselaws?id=102437 Where aluminium sheets are transferred to a sister unit and not sold in the open market, valuation may be determined on the basis of comparable goods under the Central Excise Valuation Rules, 1975. The assessee that had adopted a comparable price earlier was expected to track revisions in that benchmark, and the revised comparable price supported the duty demand in principle. Revenue neutrality based on Modvat credit depends on actual utilisability of credit by the recipient unit, so mere availability of credit is insufficient; that factual question required verification and the matter was remanded for fresh decision. en-us Fri, 03 May 2002 00:00:00 +0530 Tue, 14 Feb 2012 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102437 Where aluminium sheets are transferred to a sister unit and not sold in the open market, valuation may be determined on the basis of comparable goods under the Central Excise Valuation Rules, 1975. The assessee that had adopted a comparable price earlier was expected to track revisions in that benchmark, and the revised comparable price supported the duty demand in principle. Revenue neutrality based on Modvat credit depends on actual utilisability of credit by the recipient unit, so mere availability of credit is insufficient; that factual question required verification and the matter was remanded for fresh decision. Case-Laws Central Excise Fri, 03 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102437