2004 (4) TMI 125 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Kolkata ruled that transfer of goods to another unit for conversion into compressed gas is not a 'Sale'. Valuation should be based on 115% of the cost of production as per Central Excise Valuation Rules and Board's Circular dated 1-7-2002. The impugned order was set aside, and the appeal was allowed with consequential benefits.