https://www.taxtmi.com/caselaws?id=53986 Correct costing principles under Cost Accounting Standard 4 were required for valuing captively consumed goods cleared as intermediate products to a sister concern. The Tribunal held that the costing methodology could not be treated as prospective only because the standard or circular was issued later, and the adjudicating authority had to apply the correct production-cost principles to the valuation exercise. As the existing determination did not reflect that approach, the valuation was remanded for fresh consideration in accordance with the proper costing principles. en-us Thu, 10 Feb 2005 00:00:00 +0530 Sat, 16 Oct 2010 12:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53986 Correct costing principles under Cost Accounting Standard 4 were required for valuing captively consumed goods cleared as intermediate products to a sister concern. The Tribunal held that the costing methodology could not be treated as prospective only because the standard or circular was issued later, and the adjudicating authority had to apply the correct production-cost principles to the valuation exercise. As the existing determination did not reflect that approach, the valuation was remanded for fresh consideration in accordance with the proper costing principles. Case-Laws Central Excise Thu, 10 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53986