https://www.taxtmi.com/caselaws?id=439771 For rough castings cleared to a sister unit, valuation under the Central Excise Valuation Rules, 1975 was to follow comparable prices realised from unrelated buyers under Rule 6(b)(i) where no material distinction was shown between the goods sold externally and the goods transferred internally, and Rule 6(b)(ii) applied only if Rule 6(b)(i) failed. Under the Central Excise Valuation Rules, 2000, Rule 8 did not extend to partial captive clearances because its unamended language covered goods not sold by the assessee; the later amendment widening it to goods not sold in whole or in part supported that reading. On that basis, the demand, interest and penalty could not stand. en-us Wed, 28 Jun 2023 00:00:00 +0530 Mon, 03 Jul 2023 08:36:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439771 For rough castings cleared to a sister unit, valuation under the Central Excise Valuation Rules, 1975 was to follow comparable prices realised from unrelated buyers under Rule 6(b)(i) where no material distinction was shown between the goods sold externally and the goods transferred internally, and Rule 6(b)(ii) applied only if Rule 6(b)(i) failed. Under the Central Excise Valuation Rules, 2000, Rule 8 did not extend to partial captive clearances because its unamended language covered goods not sold by the assessee; the later amendment widening it to goods not sold in whole or in part supported that reading. On that basis, the demand, interest and penalty could not stand. Case-Laws Central Excise Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439771