https://www.taxtmi.com/caselaws?id=279822 A show cause notice alleging suppression and undervaluation in a captive transfer of Special Denatured Spirit was found unsustainable because it did not specifically allege that the goods were valued below the CAS-4 standard. In captive transfer or self-consumption cases, valuation must be tested against the applicable CAS-4 framework, and the absence of that foundational allegation meant the assessee was not properly put to notice. The notice was therefore treated as vague and not maintainable, and the demand, penalty, and impugned order were set aside. en-us Tue, 20 Feb 2018 00:00:00 +0530 Mon, 08 Apr 2019 00:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279822 A show cause notice alleging suppression and undervaluation in a captive transfer of Special Denatured Spirit was found unsustainable because it did not specifically allege that the goods were valued below the CAS-4 standard. In captive transfer or self-consumption cases, valuation must be tested against the applicable CAS-4 framework, and the absence of that foundational allegation meant the assessee was not properly put to notice. The notice was therefore treated as vague and not maintainable, and the demand, penalty, and impugned order were set aside. Case-Laws Central Excise Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279822