https://www.taxtmi.com/caselaws?id=785682 Valuation of scrap transferred to a sister unit was addressed, with the CAS-4 costing standard held inapplicable because CAS-4 pertains to manufactured goods and its cost headings cannot sensibly be applied to scrap; consequence: CAS-4 cannot determine valuation for scrap. The tribunal recognised that when the receiving related unit avails CENVAT credit, the transaction is revenue neutral and no financial gain arises from claimed undervaluation; consequence: demand unsustainable on revenue-neutrality grounds. The decision also considered extended limitation principles cited in a prior final order as applicable, affecting the viability of recovery though without altering the revenue-neutral finding. en-us Tue, 28 Oct 2025 00:00:00 +0530 Thu, 29 Jan 2026 09:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785682 Valuation of scrap transferred to a sister unit was addressed, with the CAS-4 costing standard held inapplicable because CAS-4 pertains to manufactured goods and its cost headings cannot sensibly be applied to scrap; consequence: CAS-4 cannot determine valuation for scrap. The tribunal recognised that when the receiving related unit avails CENVAT credit, the transaction is revenue neutral and no financial gain arises from claimed undervaluation; consequence: demand unsustainable on revenue-neutrality grounds. The decision also considered extended limitation principles cited in a prior final order as applicable, affecting the viability of recovery though without altering the revenue-neutral finding. Case-Laws Central Excise Tue, 28 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785682