https://www.taxtmi.com/caselaws?id=53864 CESTAT held that Board's valuation Circular No. 692/8/2003 dated 13-2-2003 regarding captively consumed goods applies to all pending cases, not only goods removed after the circular's issue date. The tribunal found revenue's attempt to apply different costing principles from earlier circulars incorrect, noting the 2003 circular specifically modified previous instructions. Since assessees can seek benefit of favorable circulars while revenue remains bound by its own circulars, all appeals were allowed by remand directing original authorities to decide valuation per the 2003 circular. en-us Fri, 04 Mar 2005 00:00:00 +0530 Fri, 06 Jun 2025 13:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53864 CESTAT held that Board's valuation Circular No. 692/8/2003 dated 13-2-2003 regarding captively consumed goods applies to all pending cases, not only goods removed after the circular's issue date. The tribunal found revenue's attempt to apply different costing principles from earlier circulars incorrect, noting the 2003 circular specifically modified previous instructions. Since assessees can seek benefit of favorable circulars while revenue remains bound by its own circulars, all appeals were allowed by remand directing original authorities to decide valuation per the 2003 circular. Case-Laws Central Excise Fri, 04 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53864