https://www.taxtmi.com/caselaws?id=328868 Inputs cleared as such to a sister unit after reversal of Cenvat credit were not required to be valued by reference to the price at which similar inputs were sold to independent buyers. The governing valuation rule and Board circular distinguished between removals as such by sale and transfers to a sister unit without sale, and for intra-group transfer the relevant approach was the valuation framework based on the invoice value on which credit was originally taken. The earlier identical ruling also rejected loading post-manufacturing elements into the amount payable. The lower authorities' valuation was therefore unsustainable, and the assessee's appeal succeeded. en-us Tue, 07 Jun 2016 00:00:00 +0530 Mon, 26 Dec 2016 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328868 Inputs cleared as such to a sister unit after reversal of Cenvat credit were not required to be valued by reference to the price at which similar inputs were sold to independent buyers. The governing valuation rule and Board circular distinguished between removals as such by sale and transfers to a sister unit without sale, and for intra-group transfer the relevant approach was the valuation framework based on the invoice value on which credit was originally taken. The earlier identical ruling also rejected loading post-manufacturing elements into the amount payable. The lower authorities' valuation was therefore unsustainable, and the assessee's appeal succeeded. Case-Laws Central Excise Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328868