2003 (8) TMI 395 - AT - Central Excise

Summary

The appellate tribunal dismissed the appeal by the assessee regarding the assessable value of yarn transferred to sister units for captive consumption. The tribunal stated that if the price under Section 4(1)(a) of the Central Excise Act is available, there is no need to resort to Section 4(1)(b) or valuation rules. The decision was based on previous tribunal rulings and the Apex Court case of Ashok Leyland Ltd. v. CCE, Madras.