2018 (2) TMI 1869

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....nt : Shri Atul Gupta, Advocate & Shri Hrishikesh, Advocate For the Respondent : Shri Mohd. Altaf, Assistant Commissioner (AR) ORDER Per: Anil Choudhary The issue in this appeal is, whether the appellant have undervalued their product Special Denatured Spirit, which they have transferred to other units for manufacture of further products which have also been cleared on payment of duty. ....

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....unsel for the appellant states that there is no allegation in the said Show Cause Notice that they have valued their goods/SDS at less than the value as prescribed under Cost Accounting Standards-4 or CAS-4. Wherever goods are transferred from one unit to another, the same are required to be valued as per CAS-4 issued by the Institute of Cost & Works Accountants of India, as adopted and notified b....