https://www.taxtmi.com/caselaws?id=387008 For captive consumption of yarn transferred to depots, valuation under Section 4 and Rule 6(b) of the Central Excise Valuation Rules requires first examining comparable factory-gate sale prices, and only if such comparables are unavailable may cost of production with profit be adopted, including CAS-4 based computation. The discussion also notes that valuation must be worked out count-wise and period-wise, with permissible deductions and adjustments where relevant sales exist. For processed fabrics sold to independent buyers, an enhanced assessable value cannot be sustained merely on assumptions about captive inputs; any addition must rest on a legally sustainable valuation basis and proof of extra consideration beyond the declared sale price. The matter was remanded for fresh adjudication on these principles. en-us Fri, 28 Jun 2019 00:00:00 +0530 Tue, 15 Oct 2019 11:47:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387008 For captive consumption of yarn transferred to depots, valuation under Section 4 and Rule 6(b) of the Central Excise Valuation Rules requires first examining comparable factory-gate sale prices, and only if such comparables are unavailable may cost of production with profit be adopted, including CAS-4 based computation. The discussion also notes that valuation must be worked out count-wise and period-wise, with permissible deductions and adjustments where relevant sales exist. For processed fabrics sold to independent buyers, an enhanced assessable value cannot be sustained merely on assumptions about captive inputs; any addition must rest on a legally sustainable valuation basis and proof of extra consideration beyond the declared sale price. The matter was remanded for fresh adjudication on these principles. Case-Laws Central Excise Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387008