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2018 (7) TMI 86 - CESTAT CHENNAIValuation - job-work - Rule 4(5)(a) of CENVAT Credit Rules, 2004 - The department was of the view that the appellant did not discharge duty liability on the 110% of the cost of production - Held that:- It is seen that the job worked components were cleared to their own sister unit on stock transfer basis. Even if the appellant had paid the said duty, the same would be eligible as credit to their sister unit. Taking note of the fact that the entire exercise is revenue neutral situation, neither the assessee stands to lose anything by paying higher duty nor the Revenue stand to gain anything by appellant’s adoption of lower assessable value, the demand is unwarranted and is unsustainable. Appeal allowed - decided in favor of appellant.
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