https://www.taxtmi.com/caselaws?id=435344 The Tribunal ruled in favor of the appellant, setting aside the demand of duty, interest, and penalty related to the consideration of IDSC/ICNC debit notes as a component of the cost of raw materials. The Larger Bench clarified that the actual cost of production, excluding notional loading, constitutes the cost of raw material in inter-unit transfers for captive consumption. The inclusion of unabsorbed overheads due to idle capacity in the cost of production was also addressed, with the demand being set aside. The Tribunal disposed of the appeal, incorporating the Interim Order into the Final Order and providing necessary reliefs. 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 The Tribunal ruled in favor of the appellant, setting aside the demand of duty, interest, and penalty related to the consideration of IDSC/ICNC debit notes as a component of the cost of raw materials. The Larger Bench clarified that the actual cost of production, excluding notional loading, constitutes the cost of raw material in inter-unit transfers for captive consumption. The inclusion of unabsorbed overheads due to idle capacity in the cost of production was also addressed, with the demand being set aside. The Tribunal disposed of the appeal, incorporating the Interim Order into the Final Order and providing necessary reliefs. Case-Laws Central Excise Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435344