https://www.taxtmi.com/caselaws?id=793721 For captively consumed goods, excise valuation under Rule 8 must be based on CAS-4 actual cost of production, including actual input and manufacturing costs, and cannot be replaced by a notional internal transfer price used only for accounting purposes. The periodical show cause notice could not attract the extended limitation period because the relevant facts were disclosed in returns and no suppression with intent to evade duty was shown. The demand also failed on revenue neutrality, since any duty short-paid would be creditable to other units, negating both evasion and extended limitation. The assessee's valuation was therefore upheld. en-us Tue, 26 May 2026 00:00:00 +0530 Tue, 23 Jun 2026 08:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793721 For captively consumed goods, excise valuation under Rule 8 must be based on CAS-4 actual cost of production, including actual input and manufacturing costs, and cannot be replaced by a notional internal transfer price used only for accounting purposes. The periodical show cause notice could not attract the extended limitation period because the relevant facts were disclosed in returns and no suppression with intent to evade duty was shown. The demand also failed on revenue neutrality, since any duty short-paid would be creditable to other units, negating both evasion and extended limitation. The assessee's valuation was therefore upheld. Case-Laws Central Excise Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793721