https://www.taxtmi.com/caselaws?id=102846 Exemption for captive consumption was denied because dies, plungers and rings were removed from the factory for use by glass-lens manufacturers, not consumed within the factory of production; the valuation based on the appellants' own contemporaneous invoice prices was upheld as consistent with actual home consumption; the extended limitation period was sustained because clearing goods on captive-consumption invoices despite outward removal amounted to suppression, and revenue neutrality failed where the assumed credit was not available to the appellants and the alternative procedure was not followed. Quantification of duty and consequential penalties required fresh determination, and the personal penalty was deleted. en-us Thu, 29 Aug 2002 00:00:00 +0530 Thu, 16 Feb 2012 14:43:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102846 Exemption for captive consumption was denied because dies, plungers and rings were removed from the factory for use by glass-lens manufacturers, not consumed within the factory of production; the valuation based on the appellants' own contemporaneous invoice prices was upheld as consistent with actual home consumption; the extended limitation period was sustained because clearing goods on captive-consumption invoices despite outward removal amounted to suppression, and revenue neutrality failed where the assumed credit was not available to the appellants and the alternative procedure was not followed. Quantification of duty and consequential penalties required fresh determination, and the personal penalty was deleted. Case-Laws Central Excise Thu, 29 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102846