Case of Nirma Ltd on valuation of Excisable goods- a study of recent judgment of the Supreme Court and related judgment of Tribunal passed ten year ago.

Case of Nirma Ltd on valuation of Excisable goods- a study of recent judgment of the Supreme Court and related judgment of Tribunal passed ten year ago. https://www.taxtmi.com/article/detailed?id=6532 Dispute over LAB valuation turned on application of CAS 4 and Valuation Rules: interest and specified depreciation and profit elements are not part of cost of production; net realizable recoveries from spent catalyst must reduce catalyst cost; actual consumption and import costs govern catalyst unit cost; valuation of captive transfers is governed by Rule 8 (115% of cost) where related person transfers occur. en-us Thu, 19 Nov 2015 06:33:17 +0530 Thu, 19 Nov 2015 06:33:17 +0530 TaxTMI RSS Generator Case of Nirma Ltd on valuation of Excisable goods- a study of recent judgment of the Supreme Court and related judgment of Tribunal passed ten year ago. https://www.taxtmi.com/article/detailed?id=6532 Dispute over LAB valuation turned on application of CAS 4 and Valuation Rules: interest and specified depreciation and profit elements are not part of cost of production; net realizable recoveries from spent catalyst must reduce catalyst cost; actual consumption and import costs govern catalyst unit cost; valuation of captive transfers is governed by Rule 8 (115% of cost) where related person transfers occur. Articles Central Excise Thu, 19 Nov 2015 06:33:17 +0530 https://www.taxtmi.com/article/detailed?id=6532