SC Admits Appeal on Revenue Neutrality in Inter-Unit Excise Valuation

Commissioner of Central Excise And Service Tax Vs Steel Authority of India Limited (Supreme Court of India) Supreme Court Admits Revenue’s Appeal on Revenue Neutrality in Inter-Unit Excise Valuation Dispute The Supreme Court has admitted the Revenue’s appeal challenging a finding of revenue neutrality in an inter-unit excise valuation dispute, keeping the question of law open. The dispute arose from demands raised on alleged undervaluation of refractory materials cleared by a manufacturer to its own units following an amalgamation. The Department alleged that valuation should have been det...