https://www.taxtmi.com/caselaws?id=267282 For captive-consumption valuation, the applicable method depends on the statutory regime in force: for the earlier period, cost of production had to include the overhead elements required by the 1996 Board Circular and Rule 6(b)(ii), and the assessee's omission of mandatory cost components justified the department's computation and supported suppression for the first notice period. For later periods, valuation had to be recomputed on the basis of cost of production under the applicable post-01/07/2000 regime, with CAS-4 principles relevant to the exercise. Credit of duty paid on supplementary invoices for inter-unit transfers was held admissible, as Rule 7(1)(b) could not curtail the substantive CENVAT entitlement where duty had been paid on reassessment. en-us Tue, 04 Aug 2015 00:00:00 +0530 Wed, 25 May 2016 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267282 For captive-consumption valuation, the applicable method depends on the statutory regime in force: for the earlier period, cost of production had to include the overhead elements required by the 1996 Board Circular and Rule 6(b)(ii), and the assessee's omission of mandatory cost components justified the department's computation and supported suppression for the first notice period. For later periods, valuation had to be recomputed on the basis of cost of production under the applicable post-01/07/2000 regime, with CAS-4 principles relevant to the exercise. Credit of duty paid on supplementary invoices for inter-unit transfers was held admissible, as Rule 7(1)(b) could not curtail the substantive CENVAT entitlement where duty had been paid on reassessment. Case-Laws Central Excise Tue, 04 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267282