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2012 (9) TMI 418 - CESTAT, AHMEDABADRemoval of Inputs as such - cenvat credit in respect of steel strips as also coils - Subsequently the said inputs were cleared by them to their own sister unit located nearby, on reversal of credit so availed by them - Revenue entertained a view that instead of reversing the MODVAT Credit, they should have paid the duty on the said input by adopting the assessable value as 115% of the cost of production or manufacture of such goods – Held that:- Where the inputs or capital goods have been purchased from outside and in case of their removals as such to their another unit, then it would be reasonable to adopt the value shown in the invoice on the basis of which CENVAT Credit was taken by the assessee in the first place - lower authority’s impugned Order-in-Original confirming the duty, imposing penalty and demanding interest, is not sustainable and deserves to be set aside - Revenue’s appeal is rejected.
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