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Clearance to sister concern valued on Comparable Price as rule 8 of CVR applicable only from 01.12.2013
Case Law Details
- Case Name
- Lakshmi Machine Works Ltd Vs Commissioner of GST & Central Excise (CESTAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Chennai
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Lakshmi Machine Works Ltd Vs Commissioner of GST & Central Excise (CESTAT Chennai)
CESTAT Chennai held that the appellant was eligible to clear rough castings to their sister concern on payment of duty on the assessable value based on comparable prices of goods cleared by them to non-related buyers. Provisions of rule 8 of Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 (CVR 2000) applicable only w.e.f. 01.12.2003 after amendment by notification no. 14/2012-CE (NT) dated 22.12.2003.
Facts- The appellant factory consists of two units, viz. Foundry Division a...
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