https://www.taxtmi.com/caselaws?id=333850 The appeal in this case concerned the calculation of excise duty for captively consumed goods by a company manufacturing iron and steel products. The dispute centered around whether duty should be paid on 110% of the cost of production or based on market prices charged to other buyers. The Tribunal found that duty should be determined at the end of the financial year based on final accounts, rejecting the Revenue's proposal to consider only cases where the initially adopted value was lower than the final value. The Tribunal concluded that the demand for duty selectively for different periods within the same financial year was unjust and set aside the lower authorities' decision. en-us Wed, 28 Sep 2016 00:00:00 +0530 Tue, 10 Jan 2017 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333850 The appeal in this case concerned the calculation of excise duty for captively consumed goods by a company manufacturing iron and steel products. The dispute centered around whether duty should be paid on 110% of the cost of production or based on market prices charged to other buyers. The Tribunal found that duty should be determined at the end of the financial year based on final accounts, rejecting the Revenue's proposal to consider only cases where the initially adopted value was lower than the final value. The Tribunal concluded that the demand for duty selectively for different periods within the same financial year was unjust and set aside the lower authorities' decision. Case-Laws Central Excise Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333850