https://www.taxtmi.com/caselaws?id=461847 CESTAT Kolkata held that stock transfers of clinker between sister units should be valued under Rule 8 of Central Excise Valuation Rules, 2000 based on cost of production for captive consumption, not Rule 11 based on transaction value to independent buyers. Following precedent in Nalco case and CBEC Circular No. 692/8/2003-CX, the tribunal found appellant correctly paid duty under CAS-4 methodology. The demand and penalty were set aside, and appeal was allowed. en-us Wed, 26 Jun 2024 00:00:00 +0530 Fri, 02 May 2025 19:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461847 CESTAT Kolkata held that stock transfers of clinker between sister units should be valued under Rule 8 of Central Excise Valuation Rules, 2000 based on cost of production for captive consumption, not Rule 11 based on transaction value to independent buyers. Following precedent in Nalco case and CBEC Circular No. 692/8/2003-CX, the tribunal found appellant correctly paid duty under CAS-4 methodology. The demand and penalty were set aside, and appeal was allowed. Case-Laws Central Excise Wed, 26 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461847