https://www.taxtmi.com/caselaws?id=33148 Inputs removed as such from a factory and transferred to a sister unit without sale are not to be valued under the captive consumption cost formula in Rule 8. The circular draws a distinction between captive consumption within the same factory and removal to another unit, and states that where no independent transaction value is available, valuation should proceed under the residuary Rule 11 by reasonable means consistent with the valuation scheme and Section 4. On those facts, the department's reliance on Rule 8 was rejected. en-us Wed, 02 Apr 2008 00:00:00 +0530 Fri, 24 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33148 Inputs removed as such from a factory and transferred to a sister unit without sale are not to be valued under the captive consumption cost formula in Rule 8. The circular draws a distinction between captive consumption within the same factory and removal to another unit, and states that where no independent transaction value is available, valuation should proceed under the residuary Rule 11 by reasonable means consistent with the valuation scheme and Section 4. On those facts, the department's reliance on Rule 8 was rejected. Case-Laws Central Excise Wed, 02 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33148