https://www.taxtmi.com/caselaws?id=203670 A Board-prescribed uniform depreciation method governs the valuation of used capital goods cleared to a sister unit under excise law, and that method prevails over Income-tax depreciation rates. The analysis notes that the show-cause computation did not follow the straight line method indicated in the later circular, so the valuation required reconsideration under the correct excise procedure. A plea of revenue neutrality was rejected because the sister unit could not take immediate full credit of the duty, making the arrangement inconsistent with a neutral revenue position. The demand therefore needed fresh computation under the applicable excise depreciation method, with a further opportunity of hearing. en-us Tue, 18 Jan 2011 00:00:00 +0530 Fri, 24 Jun 2011 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203670 A Board-prescribed uniform depreciation method governs the valuation of used capital goods cleared to a sister unit under excise law, and that method prevails over Income-tax depreciation rates. The analysis notes that the show-cause computation did not follow the straight line method indicated in the later circular, so the valuation required reconsideration under the correct excise procedure. A plea of revenue neutrality was rejected because the sister unit could not take immediate full credit of the duty, making the arrangement inconsistent with a neutral revenue position. The demand therefore needed fresh computation under the applicable excise depreciation method, with a further opportunity of hearing. Case-Laws Central Excise Tue, 18 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203670