2013 (12) TMI 1084

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..... dependent buyers - it cannot be denied that the price at which the goods were sold to independent buyers ought to be adopted for the purposes of determination of assessable value of goods, captively consumed as well as cleared to sister unit on stock transfer basis – applicant directed to submit Rupees two crores as Pre-deposit – upon such submission rest of the duty to be waived till the disposal .....

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..... quantities of 85093.261 MT of the said materials to their sister unit, M/s Alloy Steel Plant as well as for captive consumption. The ld. Advocate has submitted that the assessable value of such stock transferred goods, were determined under the provisions of Section 4(1)(b) of the Central Excise Act, 1944 read with Rule 8 of Central Excise Valuation (Determination of Price of Excisable Goods) Rule .....

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..... ds. We find that the principles laid down by the decision of the Larger Bench of the Tribunal in the case of Ispat Industries Ltd. (cited supra) if applied to the facts and circumstances of the present case, it cannot be denied that the price at which the goods were sold to independent buyers ought to be adopted for the purposes of determination of assessable value of goods, captively consumed as .....

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