https://www.taxtmi.com/caselaws?id=176752 For captive clearances between units of the same assessee, assessable value is to be taken from the price charged to independent buyers when the assessee also sells the same goods in the open market. The Larger Bench ruling in Ispat Industries Ltd. was treated as binding and was held to override earlier contrary views, so Rule 8 of the Central Excise Valuation Rules, 2000 did not apply to the captive transfers in question. The revenue challenge therefore failed. en-us Fri, 17 Apr 2015 00:00:00 +0530 Mon, 28 Dec 2015 21:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176752 For captive clearances between units of the same assessee, assessable value is to be taken from the price charged to independent buyers when the assessee also sells the same goods in the open market. The Larger Bench ruling in Ispat Industries Ltd. was treated as binding and was held to override earlier contrary views, so Rule 8 of the Central Excise Valuation Rules, 2000 did not apply to the captive transfers in question. The revenue challenge therefore failed. Case-Laws Central Excise Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176752