https://www.taxtmi.com/forum/issue?id=108639 Rule 8 prescribes valuation of captively consumed goods at a statutory percentage of cost of production (now 110%); transfer prices may differ for accounting but excise duty liability is governed by the valuation rules. Excise paid on a higher internal valuation is treated as excess/unauthorised collection, disallowing CENVAT credit to the buyer and permitting refund only upon proof negating unjust enrichment. Administrative guidance and case law address valuation rule applicability where production is partly sold and partly consumed. en-us Fri, 22 May 2015 18:39:49 +0530 Thu, 23 Jan 2025 15:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108639 Rule 8 prescribes valuation of captively consumed goods at a statutory percentage of cost of production (now 110%); transfer prices may differ for accounting but excise duty liability is governed by the valuation rules. Excise paid on a higher internal valuation is treated as excess/unauthorised collection, disallowing CENVAT credit to the buyer and permitting refund only upon proof negating unjust enrichment. Administrative guidance and case law address valuation rule applicability where production is partly sold and partly consumed. Discussion-Forum Central Excise Fri, 22 May 2015 18:39:49 +0530 https://www.taxtmi.com/forum/issue?id=108639