https://www.taxtmi.com/caselaws?id=203879 The Appellate Tribunal CESTAT, Chennai upheld the Commissioner (A)'s decision regarding the valuation of intermediate products transferred between factories. The Tribunal emphasized the importance of computing the cost of production in accordance with cost accounting standard-4 (CAS-4) and excluding notional profits. It rejected the Revenue's appeal, confirming that the actual cost of material should be considered for determining the assessable value of goods captively consumed. The Tribunal also supported the Commissioner's determination to use the actual cost of material during the year, dismissing the appeal and highlighting the necessity of adhering to the actual cost for valuation purposes. en-us Tue, 19 Apr 2011 00:00:00 +0530 Thu, 28 Apr 2016 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203879 The Appellate Tribunal CESTAT, Chennai upheld the Commissioner (A)'s decision regarding the valuation of intermediate products transferred between factories. The Tribunal emphasized the importance of computing the cost of production in accordance with cost accounting standard-4 (CAS-4) and excluding notional profits. It rejected the Revenue's appeal, confirming that the actual cost of material should be considered for determining the assessable value of goods captively consumed. The Tribunal also supported the Commissioner's determination to use the actual cost of material during the year, dismissing the appeal and highlighting the necessity of adhering to the actual cost for valuation purposes. Case-Laws Central Excise Tue, 19 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203879