cn nyone clarify this situation...my query is:
As per circular no. 643/34/2002, Valuationof goods captively consumed(partly) wl be as per Rule 8 and the goods sold wl be valued as per Rule 4(transaction value).
But according to TRIBUNAL'S decision in ISPAT IND LTD 2007, when goods are entirely captively consumed then only Rule8 is applicable otherwise Rule 4(transaction value) wl be applied.
So i problem is hw the goods captively consumed be valued when consumed partly or entirely???
thanx in advance
CAclubindia
