https://www.taxtmi.com/caselaws?id=435344 For inter-unit transfers of goods for captive consumption, valuation under Rule 8 must be based on the actual cost of production of the raw material in the hands of the consuming unit. The notional loading added at the supplying unit for excise duty payment is not part of that cost and cannot be included in assessable value. On that basis, the demand for duty, interest and penalties founded on such inclusion was held unsustainable and set aside, with consequential relief to follow in accordance with the Larger Bench ruling. en-us Tue, 28 Feb 2023 00:00:00 +0530 Fri, 17 Mar 2023 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435344 For inter-unit transfers of goods for captive consumption, valuation under Rule 8 must be based on the actual cost of production of the raw material in the hands of the consuming unit. The notional loading added at the supplying unit for excise duty payment is not part of that cost and cannot be included in assessable value. On that basis, the demand for duty, interest and penalties founded on such inclusion was held unsustainable and set aside, with consequential relief to follow in accordance with the Larger Bench ruling. Case-Laws Central Excise Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435344