CESTAT Chennai Upholds decision on Central Excise Value of Copper Anode

Sesa Sterlite Ltd Vs Commissioner of GST (CESTAT Chennai) In the appeal of Sesa Sterlite Ltd. Vs Commissioner of GST, CESTAT Chennai addressed the issue of the central excise ad-valorem value of copper anode manufactured by Sesa Sterlite Ltd. This case sheds light on the interpretation of Central Excise (Valuation) Rules, 2000 and Cost Accounting Standards – 4 (CAS-4). Sesa Sterlite Ltd, manufacturing copper anode, found themselves under scrutiny regarding the ad-valorem value of their product for central excise purposes. As no independent sales occurred and all transfers were made to th...