2018 (2) TMI 1869

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....ri 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. 2. The brief facts of the case are as per ....

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....llegation 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 by Ministry of Finance (Department of Revenue) CBE....