https://www.taxtmi.com/caselaws?id=1348 Semi-finished goods cleared to another unit for further manufacture must be valued in the condition in which they are removed from the factory, not as fully finished goods. The valuation method applicable to depot sales or post-clearance sales cannot be applied where the goods have not attained finished status at the time of transfer. The tribunal followed its earlier view on the same issue and held that treating an incomplete product as a finished product for valuation was incorrect. The demand raised on that basis was therefore unsustainable. en-us Wed, 27 Dec 2006 00:00:00 +0530 Mon, 14 Apr 2008 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1348 Semi-finished goods cleared to another unit for further manufacture must be valued in the condition in which they are removed from the factory, not as fully finished goods. The valuation method applicable to depot sales or post-clearance sales cannot be applied where the goods have not attained finished status at the time of transfer. The tribunal followed its earlier view on the same issue and held that treating an incomplete product as a finished product for valuation was incorrect. The demand raised on that basis was therefore unsustainable. Case-Laws Central Excise Wed, 27 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1348