https://www.taxtmi.com/forum/issue?id=106524 The issue is whether excise duty on resale of returned, reprocessed polyfilm should be charged on the transaction value. The manufacturer records Cenvat credit on returned goods, reprocesses material and sells reprocessed output and waste. One opinion affirms charging duty on transaction value at resale; another advises applying the higher of duty attributable to Cenvat on returns or duty on transaction value, noting that the comparator approach is principally relevant to waste clearances under applicable valuation rules. en-us Fri, 14 Feb 2014 12:44:03 +0530 Thu, 23 Jan 2025 15:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106524 The issue is whether excise duty on resale of returned, reprocessed polyfilm should be charged on the transaction value. The manufacturer records Cenvat credit on returned goods, reprocesses material and sells reprocessed output and waste. One opinion affirms charging duty on transaction value at resale; another advises applying the higher of duty attributable to Cenvat on returns or duty on transaction value, noting that the comparator approach is principally relevant to waste clearances under applicable valuation rules. Discussion-Forum Central Excise Fri, 14 Feb 2014 12:44:03 +0530 https://www.taxtmi.com/forum/issue?id=106524