2016 (10) TMI 617 - SCH - Central Excise

Valuation (Central Excise) - Captive consumption - Departmental Clarifications - Apex court dismissed the appeal against the decision of tribunal 2005 (3) TMI 186 - CESTAT, NEW DELHI wherein the demand was set aside by holding that, It would be wholly incorrect to apply old circulars without considering the modifications brought about by the latest circular, particularly when, as noted already, it is well settled that assessees are not bound by any circular, though at liberty to seek the benefit of circulars and a Court has to allow such a claim while Revenue is bound by its own circulars.