We propose an efficient DCT-domain video transcoding algorithm for flexible for bit-rate video communications. Video transcoding provides communication fiexibility by adaptively changing the bit-rate of compressed bit stream. During the transcoding process, adrift error is unavoidable because of the difference between reference images in the series of encoding and decoding. For solving the drift error problem, cascade pixel-domain transcoder (CPDT) has been proposed. CPDT, however, requires highly complex hardware and heavy computational overhead. In this paper we propose a DCT-domain transcoding technique, which enables efficient transcoding without any drift error. The proposed cascade DCT-domain transcoder (CDDT) is realized by new motion compensation and down-sampling methods in the DCT-domain.