https://www.taxtmi.com/caselaws?id=252023 For captively consumed intermediate goods, valuation was held to follow the basis affirmed in the binding Board circular, and that principle was applied even for periods preceding the circular's issuance. The Tribunal accepted that the issue had already been settled by the Apex Court and upheld the assessee's valuation method, rejecting the Revenue's objection to retrospective application of the circular. No infirmity was found in not levying duty on advertisement expenses for such captive clearances. en-us Thu, 24 Jul 2014 00:00:00 +0530 Wed, 08 Oct 2014 20:25:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252023 For captively consumed intermediate goods, valuation was held to follow the basis affirmed in the binding Board circular, and that principle was applied even for periods preceding the circular's issuance. The Tribunal accepted that the issue had already been settled by the Apex Court and upheld the assessee's valuation method, rejecting the Revenue's objection to retrospective application of the circular. No infirmity was found in not levying duty on advertisement expenses for such captive clearances. Case-Laws Central Excise Thu, 24 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252023