https://www.taxtmi.com/caselaws?id=295296 For waste and scrap partly sold and partly captively consumed, valuation prior to 1-12-2013 was stated to follow the settled position that Rule 8 of the Valuation Rules, 2000 did not apply, so cost-based revaluation was not required and the demand for that period was not sustainable. From 1-12-2013, the amended Rule 8 required captively consumed goods to be valued on cost of production plus 10%, but the discussion notes that the duty was creditable, making the matter revenue neutral. It also records that exemption under Notification No. 67/95-C.E. was available on the facts, so the demand and penalty for the later period were not sustainable. en-us Thu, 05 Sep 2019 00:00:00 +0530 Fri, 28 May 2021 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295296 For waste and scrap partly sold and partly captively consumed, valuation prior to 1-12-2013 was stated to follow the settled position that Rule 8 of the Valuation Rules, 2000 did not apply, so cost-based revaluation was not required and the demand for that period was not sustainable. From 1-12-2013, the amended Rule 8 required captively consumed goods to be valued on cost of production plus 10%, but the discussion notes that the duty was creditable, making the matter revenue neutral. It also records that exemption under Notification No. 67/95-C.E. was available on the facts, so the demand and penalty for the later period were not sustainable. Case-Laws Central Excise Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295296