https://www.taxtmi.com/caselaws?id=310127 The Appellate Tribunal CESTAT CHENNAI upheld the Commissioner (Appeals) decision setting aside the Deputy Commissioner's rejection of the cost of production for zinc cans and offcut/scrap, leading to a differential duty demand. The Tribunal affirmed the acceptance of the Cost Accountant certificate under CAS-4 for determining assessable value, emphasizing compliance with cost accounting standards. It was held that actual production costs and notional profit should be considered for captive consumption, with the appeal by Revenue dismissed. The judgment reinforces the importance of adhering to CAS-4 in computing assessable value and recognizing the significance of actual production costs in such cases. en-us Tue, 11 May 2010 00:00:00 +0530 Sat, 07 Oct 2023 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310127 The Appellate Tribunal CESTAT CHENNAI upheld the Commissioner (Appeals) decision setting aside the Deputy Commissioner's rejection of the cost of production for zinc cans and offcut/scrap, leading to a differential duty demand. The Tribunal affirmed the acceptance of the Cost Accountant certificate under CAS-4 for determining assessable value, emphasizing compliance with cost accounting standards. It was held that actual production costs and notional profit should be considered for captive consumption, with the appeal by Revenue dismissed. The judgment reinforces the importance of adhering to CAS-4 in computing assessable value and recognizing the significance of actual production costs in such cases. Case-Laws Central Excise Tue, 11 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310127