https://www.taxtmi.com/caselaws?id=327325 Where inputs taken on credit are transferred, rather than sold, from one sister concern to another, valuation follows the supplier's invoice value under the governing credit-reversal and valuation framework, as the Tribunal's finding of transfer under a joint procurement arrangement was one of fact. The Court also accepted that post-manufacturing expenses, including bank charges, interest and similar amounts recovered through debit notes, cannot be loaded into the duty-equivalent or assessable value because they fall outside the statutory measure. The transfer was therefore valued on the supplier's invoice, and the debit-note recoveries were excluded from excise valuation. en-us Fri, 06 May 2016 00:00:00 +0530 Thu, 20 Oct 2016 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327325 Where inputs taken on credit are transferred, rather than sold, from one sister concern to another, valuation follows the supplier's invoice value under the governing credit-reversal and valuation framework, as the Tribunal's finding of transfer under a joint procurement arrangement was one of fact. The Court also accepted that post-manufacturing expenses, including bank charges, interest and similar amounts recovered through debit notes, cannot be loaded into the duty-equivalent or assessable value because they fall outside the statutory measure. The transfer was therefore valued on the supplier's invoice, and the debit-note recoveries were excluded from excise valuation. Case-Laws Central Excise Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327325