https://www.taxtmi.com/caselaws?id=1093 Where stock-transferred components are later sold by a sister unit in the wholesale spares market, an ascertainable market price may govern valuation under section 4(1)(a) of the Central Excise Act, and cost construction under section 4(1)(b) and Rule 6(b)(ii) of the 1975 Valuation Rules is not attracted. The text also notes that invocation of the extended period and related penalties must be examined independently, particularly where revenue neutrality is relevant, and that unconsidered claims regarding utilisation of Special Excise Duty credit against Basic Excise Duty require fresh adjudication. The discussion therefore reflects partial confirmation of duty valuation, with remand on limitation, penalties, and credit availability. en-us Thu, 10 Aug 2006 00:00:00 +0530 Mon, 14 Apr 2008 06:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1093 Where stock-transferred components are later sold by a sister unit in the wholesale spares market, an ascertainable market price may govern valuation under section 4(1)(a) of the Central Excise Act, and cost construction under section 4(1)(b) and Rule 6(b)(ii) of the 1975 Valuation Rules is not attracted. The text also notes that invocation of the extended period and related penalties must be examined independently, particularly where revenue neutrality is relevant, and that unconsidered claims regarding utilisation of Special Excise Duty credit against Basic Excise Duty require fresh adjudication. The discussion therefore reflects partial confirmation of duty valuation, with remand on limitation, penalties, and credit availability. Case-Laws Central Excise Thu, 10 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1093