https://www.taxtmi.com/caselaws?id=195570 The Tribunal upheld the Commissioner's decision, dismissing the Revenue's appeal and disposing of the cross objection. The case involved disputes regarding the undervaluation of goods, specifically Sponge iron, and the failure to include the cost of packing materials for captively consumed Sponge iron. The Commissioner found that the assessee correctly valued goods for captive consumption, considering relevant valuation rules and circulars. It was concluded that the demand raised in the show cause notice was incorrect, emphasizing the importance of adhering to valuation rules to prevent disputes and erroneous demands. en-us Tue, 24 Jan 2017 00:00:00 +0530 Tue, 02 Jan 2018 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195570 The Tribunal upheld the Commissioner's decision, dismissing the Revenue's appeal and disposing of the cross objection. The case involved disputes regarding the undervaluation of goods, specifically Sponge iron, and the failure to include the cost of packing materials for captively consumed Sponge iron. The Commissioner found that the assessee correctly valued goods for captive consumption, considering relevant valuation rules and circulars. It was concluded that the demand raised in the show cause notice was incorrect, emphasizing the importance of adhering to valuation rules to prevent disputes and erroneous demands. Case-Laws Central Excise Tue, 24 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195570