https://www.taxtmi.com/caselaws?id=250934 The Appellate Tribunal CESTAT New Delhi ruled in favor of the appellant in a dispute over the valuation of captively consumed Poly Propylene Multi Filament Yarn for excise duty. The Tribunal held that the value at which goods are sold to independent buyers should be used as the assessable value for duty on captively consumed items, rather than applying Rule 8 of the Central Excise (Valuation) Rules. This decision, based on the precedent established in a prior case, resulted in setting aside the duty differential and penalty imposed, providing relief to the appellant and ensuring consistency in duty payment valuation. en-us Fri, 01 Aug 2014 00:00:00 +0530 Fri, 29 Aug 2014 10:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250934 The Appellate Tribunal CESTAT New Delhi ruled in favor of the appellant in a dispute over the valuation of captively consumed Poly Propylene Multi Filament Yarn for excise duty. The Tribunal held that the value at which goods are sold to independent buyers should be used as the assessable value for duty on captively consumed items, rather than applying Rule 8 of the Central Excise (Valuation) Rules. This decision, based on the precedent established in a prior case, resulted in setting aside the duty differential and penalty imposed, providing relief to the appellant and ensuring consistency in duty payment valuation. Case-Laws Central Excise Fri, 01 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250934