https://www.taxtmi.com/caselaws?id=52776 Transfer of goods from one unit of the same company to another unit for further conversion is not treated as a sale under the Central Excise Valuation Rules. Reading Circular No. 643/34/2002-CX dated 1-7-2002 with Rule 8 and the proviso to Rule 9, such captive consumption and inter-unit transfers to a sister unit or another factory of the same company must be valued at 115% of the cost of production. The stated position is that the transfer is not a sale and the assessable value is to be determined accordingly. en-us Tue, 20 Apr 2004 00:00:00 +0530 Thu, 07 Oct 2010 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52776 Transfer of goods from one unit of the same company to another unit for further conversion is not treated as a sale under the Central Excise Valuation Rules. Reading Circular No. 643/34/2002-CX dated 1-7-2002 with Rule 8 and the proviso to Rule 9, such captive consumption and inter-unit transfers to a sister unit or another factory of the same company must be valued at 115% of the cost of production. The stated position is that the transfer is not a sale and the assessable value is to be determined accordingly. Case-Laws Central Excise Tue, 20 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52776