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2016 (6) TMI 577 - AT - Central ExciseValuation - Invokation of extended period of limitation - Inputs cleared to their sister unit on reversal of the credit availing on such inputs - Whether to be valued at the prices at which sale was made to independent buyers - Held that:- by relying on the judgment of Hon'ble Apex Court in the case of Ispat Metallics Industries Ltd., Vs. CCE, Raigad [2005 (10) TMI 129 - CESTAT, MUMBAI], where the goods are entirely transferred to a sister unit, it is reasonable to adopt the value shown in the invoice on the basis of which Cenvat Credit was taken by the assessee i.e. the invoice of the supplier of the goods to the assessee. Therefore, the impugned orders are unsustainable and liable to be set aside. - Decided in favour of appellant with consequential relief
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