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    <description>A time-barred demand was dropped by the adjudicating authority and not disturbed, with the Tribunal noting that no appellate interference was required on that aspect. On valuation of captively consumed yarn under the erstwhile valuation rules, the Tribunal treated Board Circular No. 692/8/2003 dated 13-2-2003, issued with reference to Cost Accounting Standard 4, as relevant binding guidance and left the merits open for fresh consideration by the appropriate authority in that light.</description>
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