https://www.taxtmi.com/caselaws?id=53708 Captively consumed yarn must be valued on a sound factual and methodological basis, with a specific finding on whether comparable goods are truly comparable and whether any differences can be adjusted. Where valuation rests on cost of production, CAS-4 requires proper exclusion of administrative overheads tied to non-production activities and interest. For dyed or sized yarn purchased externally and used captively, valuation must be recomputed with correct treatment of grey yarn, sizing charges and the applicable exemption notification. Limitation and penalties also depend on the revised valuation findings and the department's awareness of the process, so they require fresh adjudication where the underlying demand is reopened. en-us Wed, 28 Jul 2004 00:00:00 +0530 Wed, 12 Jun 2024 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53708 Captively consumed yarn must be valued on a sound factual and methodological basis, with a specific finding on whether comparable goods are truly comparable and whether any differences can be adjusted. Where valuation rests on cost of production, CAS-4 requires proper exclusion of administrative overheads tied to non-production activities and interest. For dyed or sized yarn purchased externally and used captively, valuation must be recomputed with correct treatment of grey yarn, sizing charges and the applicable exemption notification. Limitation and penalties also depend on the revised valuation findings and the department's awareness of the process, so they require fresh adjudication where the underlying demand is reopened. Case-Laws Central Excise Wed, 28 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53708