https://www.taxtmi.com/caselaws?id=170431 For captive consumption by a sister unit, assessable value under Rule 8 of the Central Excise Valuation Rules, 2000 is to be based on cost of production certified on CAS-4 principles. A company's cost audit report under Section 233B of the Companies Act, 1956 is not a substitute because it is prepared for corporate reporting and may include sales and administrative expenses beyond the factory level. Where the CAS-4 certificates are furnished before clearance and are not disputed, they provide the correct basis for valuation of goods cleared for captive use. en-us Wed, 25 Aug 2010 00:00:00 +0530 Thu, 03 Aug 2017 09:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170431 For captive consumption by a sister unit, assessable value under Rule 8 of the Central Excise Valuation Rules, 2000 is to be based on cost of production certified on CAS-4 principles. A company's cost audit report under Section 233B of the Companies Act, 1956 is not a substitute because it is prepared for corporate reporting and may include sales and administrative expenses beyond the factory level. Where the CAS-4 certificates are furnished before clearance and are not disputed, they provide the correct basis for valuation of goods cleared for captive use. Case-Laws Central Excise Wed, 25 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170431