2005 (10) TMI 487 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai noted that the demand against the appellant was dropped due to being barred by limitation. However, the adverse finding on merits may impact future demands. The issue was regarding the valuation of captively consumed yarn under Rule 6(b)(1) of the Valuation Rules, which was settled by Circular No. 692/8/2003 based on Cost Accounting Standard 4. All issues were left open for decision based on the circular. The appeal was disposed of accordingly.