https://www.taxtmi.com/caselaws?id=216610 The appellate tribunal upheld the Commissioner's decision in a case concerning the valuation of inputs for excise duty purposes. The tribunal ruled in favor of the assessee, citing a Board circular that clarified the valuation rules for inputs transferred to a sister unit. The circular emphasized reversing CENVAT Credit when goods are transferred without sale. The tribunal held that the circular's guidance was correctly applied, and the Revenue cannot challenge its own binding circulars. Consequently, the Revenue's appeal was dismissed, affirming the Commissioner's order. The judgment underscores the importance of following valuation rules and Board circulars for excise duty compliance. en-us Fri, 24 Jun 2011 00:00:00 +0530 Sun, 16 Sep 2012 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216610 The appellate tribunal upheld the Commissioner's decision in a case concerning the valuation of inputs for excise duty purposes. The tribunal ruled in favor of the assessee, citing a Board circular that clarified the valuation rules for inputs transferred to a sister unit. The circular emphasized reversing CENVAT Credit when goods are transferred without sale. The tribunal held that the circular's guidance was correctly applied, and the Revenue cannot challenge its own binding circulars. Consequently, the Revenue's appeal was dismissed, affirming the Commissioner's order. The judgment underscores the importance of following valuation rules and Board circulars for excise duty compliance. Case-Laws Central Excise Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216610