https://www.taxtmi.com/caselaws?id=1070 For goods captively consumed in the manufacture of exempted final products, the Rule 57CC reversal was to be computed on the value of the intermediate I.C. Engines, not on the value of the downstream P.D. Pumps. The Tribunal treated the I.C. Engine as a final product in its own right because it was also cleared on payment of duty in some cases, and held that when such engines were removed without duty for captive use, the statutory reversal had to follow the engine value. The exempted pumps were not the relevant valuation basis for the reversal. en-us Mon, 25 Jul 2005 00:00:00 +0530 Mon, 14 Apr 2008 05:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1070 For goods captively consumed in the manufacture of exempted final products, the Rule 57CC reversal was to be computed on the value of the intermediate I.C. Engines, not on the value of the downstream P.D. Pumps. The Tribunal treated the I.C. Engine as a final product in its own right because it was also cleared on payment of duty in some cases, and held that when such engines were removed without duty for captive use, the statutory reversal had to follow the engine value. The exempted pumps were not the relevant valuation basis for the reversal. Case-Laws Central Excise Mon, 25 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1070