https://www.taxtmi.com/caselaws?id=118605 The Tribunal upheld the applicant's valuation method for captively consumed goods at 115% of the cost of production, as per Valuation Rules and Central Board's clarification. It ruled that the original valuation at the time of removal for captive consumption was correct and compliant, rejecting the Revenue's argument for revaluation upon subsequent sale at higher prices. The Tribunal also held that duty assessment at the time of removal was accurate, and subsequent sales did not warrant revaluation. The Tribunal favored the applicant, waiving pre-deposit and granting a stay on recovery until the appeal's disposal. en-us Wed, 23 Aug 2006 00:00:00 +0530 Wed, 04 Jul 2012 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118605 The Tribunal upheld the applicant's valuation method for captively consumed goods at 115% of the cost of production, as per Valuation Rules and Central Board's clarification. It ruled that the original valuation at the time of removal for captive consumption was correct and compliant, rejecting the Revenue's argument for revaluation upon subsequent sale at higher prices. The Tribunal also held that duty assessment at the time of removal was accurate, and subsequent sales did not warrant revaluation. The Tribunal favored the applicant, waiving pre-deposit and granting a stay on recovery until the appeal's disposal. Case-Laws Central Excise Wed, 23 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118605