https://www.taxtmi.com/caselaws?id=54622 Transfers of jointly procured iron ore pellets between sister concerns under a common procurement arrangement were treated as non-sale transfers, where the goods were held and accounted for for mutual benefit rather than sold commercially. On that basis, valuation could not be expanded by adding post-removal expenses recovered through debit notes, because such costs were incurred after clearance and were not part of the assessable value. The excise demand, together with interest and penalties, was also found unsustainable where the recovery mechanism invoked did not fit the statutory scheme and the demand was barred by limitation. en-us Tue, 11 Oct 2005 00:00:00 +0530 Mon, 15 Apr 2024 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54622 Transfers of jointly procured iron ore pellets between sister concerns under a common procurement arrangement were treated as non-sale transfers, where the goods were held and accounted for for mutual benefit rather than sold commercially. On that basis, valuation could not be expanded by adding post-removal expenses recovered through debit notes, because such costs were incurred after clearance and were not part of the assessable value. The excise demand, together with interest and penalties, was also found unsustainable where the recovery mechanism invoked did not fit the statutory scheme and the demand was barred by limitation. Case-Laws Central Excise Tue, 11 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54622