https://www.taxtmi.com/caselaws?id=379848 Where plastic pouches were manufactured using buyer-owned cylinders, only the amortised cost attributable to the quantity produced and cleared could be added to assessable value under Rule 6 of the Central Excise Valuation Rules. The valuation could not be based on the entire value of the cylinders because ownership remained with the buyer. A cost accountant's certificate was found inadequate for lack of evidence on cylinder life, capacity, and per-piece amortisation. The Revenue's valuation approach was therefore unsustainable, and the matter was remanded for fresh determination of the correct amortised cost. en-us Mon, 04 Mar 2019 00:00:00 +0530 Thu, 09 May 2019 06:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379848 Where plastic pouches were manufactured using buyer-owned cylinders, only the amortised cost attributable to the quantity produced and cleared could be added to assessable value under Rule 6 of the Central Excise Valuation Rules. The valuation could not be based on the entire value of the cylinders because ownership remained with the buyer. A cost accountant's certificate was found inadequate for lack of evidence on cylinder life, capacity, and per-piece amortisation. The Revenue's valuation approach was therefore unsustainable, and the matter was remanded for fresh determination of the correct amortised cost. Case-Laws Central Excise Mon, 04 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379848