https://www.taxtmi.com/caselaws?id=262577 Where excisable goods are captively used in turnkey projects and are not the same in valuation terms as loose goods sold elsewhere, Rule 4 of the Central Excise (Valuation) Rules, 1975 cannot be applied by borrowing the loose-sale price. Valuation must instead fall back to Rule 7 on a best judgment basis, with cost of production as a relevant factor where appropriate. The Commissioner (Appeals)' cost-based valuation, supported by a chartered accountant's certificate, was treated as consistent with Rule 7 and sustained. en-us Fri, 10 Apr 2015 00:00:00 +0530 Thu, 13 Aug 2015 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262577 Where excisable goods are captively used in turnkey projects and are not the same in valuation terms as loose goods sold elsewhere, Rule 4 of the Central Excise (Valuation) Rules, 1975 cannot be applied by borrowing the loose-sale price. Valuation must instead fall back to Rule 7 on a best judgment basis, with cost of production as a relevant factor where appropriate. The Commissioner (Appeals)' cost-based valuation, supported by a chartered accountant's certificate, was treated as consistent with Rule 7 and sustained. Case-Laws Central Excise Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262577