https://www.taxtmi.com/caselaws?id=461846 CESTAT Ahmedabad ruled on valuation methodology for waste and scrap from BOPP film manufacturing that is partially consumed captively for PP granule production and partially sold to independent buyers. The tribunal determined that Rule 8 of Central Excise (Determination of Price of Excisable Goods), 2000 does not apply when part of production is cleared to independent buyers. Following precedent from Ispat Industries judgment, the tribunal held that transaction value from outside buyers should be used as assessable value for captive consumption purposes. The impugned orders were set aside and appeals allowed. en-us Mon, 03 Jun 2024 00:00:00 +0530 Fri, 02 May 2025 19:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461846 CESTAT Ahmedabad ruled on valuation methodology for waste and scrap from BOPP film manufacturing that is partially consumed captively for PP granule production and partially sold to independent buyers. The tribunal determined that Rule 8 of Central Excise (Determination of Price of Excisable Goods), 2000 does not apply when part of production is cleared to independent buyers. Following precedent from Ispat Industries judgment, the tribunal held that transaction value from outside buyers should be used as assessable value for captive consumption purposes. The impugned orders were set aside and appeals allowed. Case-Laws Central Excise Mon, 03 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461846