https://www.taxtmi.com/caselaws?id=359909 For captive consumption valuation of steel components, the cost of production under CAS-4 did not permit exclusion of the purchase value of remnant parts and rejected material where Cenvat credit had been taken on the full input stream. Scrap, waste and recovery values could be adjusted in the cost sheet, but the remnant value itself was not deductible from production cost on these facts. The department's CAS-4-based computation was treated as consistent with the applicable valuation framework, and the differential duty demand was upheld. en-us Tue, 10 Apr 2018 00:00:00 +0530 Sat, 16 Mar 2019 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359909 For captive consumption valuation of steel components, the cost of production under CAS-4 did not permit exclusion of the purchase value of remnant parts and rejected material where Cenvat credit had been taken on the full input stream. Scrap, waste and recovery values could be adjusted in the cost sheet, but the remnant value itself was not deductible from production cost on these facts. The department's CAS-4-based computation was treated as consistent with the applicable valuation framework, and the differential duty demand was upheld. Case-Laws Central Excise Tue, 10 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359909