https://www.taxtmi.com/caselaws?id=753518 CESTAT Kolkata held that the appellant correctly paid duty on pig iron and concast billets cleared to sister units for captive consumption. Following the precedent in National Aluminium Co. Ltd. case, the Tribunal ruled that duty was properly paid under Rule 8 of Valuation Rules as per CAS-4, not Rule 4 as demanded by authorities. Since goods were captively consumed by sister unit for manufacturing excisable goods per CBEC Circular, no differential duty was payable. Consequently, no penalty was imposable. The impugned order was set aside and appeal allowed. en-us Mon, 06 May 2024 00:00:00 +0530 Wed, 05 Jun 2024 08:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753518 CESTAT Kolkata held that the appellant correctly paid duty on pig iron and concast billets cleared to sister units for captive consumption. Following the precedent in National Aluminium Co. Ltd. case, the Tribunal ruled that duty was properly paid under Rule 8 of Valuation Rules as per CAS-4, not Rule 4 as demanded by authorities. Since goods were captively consumed by sister unit for manufacturing excisable goods per CBEC Circular, no differential duty was payable. Consequently, no penalty was imposable. The impugned order was set aside and appeal allowed. Case-Laws Central Excise Mon, 06 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753518