https://www.taxtmi.com/caselaws?id=799472 Valuation of excisable goods stock-transferred to sister units for further manufacture falls under the captive-consumption regime. Cost of production must be determined on the CAS-4 basis, and the prescribed valuation guidance binds Revenue authorities. The general valuation method applicable to transfers not involving captive consumption does not govern such transfers. Duty liability is therefore determined using the CAS-4 cost basis, with no differential duty arising from application of the alternative transfer-valuation principle. en-us Wed, 19 Aug 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799472 Valuation of excisable goods stock-transferred to sister units for further manufacture falls under the captive-consumption regime. Cost of production must be determined on the CAS-4 basis, and the prescribed valuation guidance binds Revenue authorities. The general valuation method applicable to transfers not involving captive consumption does not govern such transfers. Duty liability is therefore determined using the CAS-4 cost basis, with no differential duty arising from application of the alternative transfer-valuation principle. Case-Laws Central Excise Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799472