https://www.taxtmi.com/caselaws?id=267796 For valuation of an intermediate excisable product cleared to sister units and captively consumed, the cost of production under Rule 8 of the Central Excise Valuation Rules, 2000 must be computed in line with the applicable cost accounting standard. The Supreme Court agreed that the disputed cost elements could not be added to the cost of production where they were not properly includible under that method. The Tribunal's reliance on Cost Accounting Standard 4 was upheld, and the excise demand was not sustained. en-us Fri, 09 Oct 2015 00:00:00 +0530 Thu, 07 Jan 2016 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267796 For valuation of an intermediate excisable product cleared to sister units and captively consumed, the cost of production under Rule 8 of the Central Excise Valuation Rules, 2000 must be computed in line with the applicable cost accounting standard. The Supreme Court agreed that the disputed cost elements could not be added to the cost of production where they were not properly includible under that method. The Tribunal's reliance on Cost Accounting Standard 4 was upheld, and the excise demand was not sustained. Case-Laws Central Excise Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267796