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2014 (1) TMI 377 - CESTAT NEW DELHIInputs cleared as such – Reversal made for the cenvat credit taken – Held that:- Adoption of assessable value by adopting the value on which the goods were cleared from the depots in terms of Rule 7 of the Valuation Rules is not justified as it is not the assessee who has manufactured the goods - The assessee had cleared the goods to their depots by debiting a particular transaction value and by reversing the amount which was equivalent to the original value of the inputs on which the same were received - the entire modvat credit availed by them was reversed – Following Eicher Tractors vs. CCE, Jaipur [2005 (9) TMI 340 - CESTAT, NEW DELHI ] – Decided against Revenue.
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