https://www.taxtmi.com/caselaws?id=109896 Clearance of inputs as such was examined under the excise valuation and Cenvat credit rules, with the applicable valuation base disputed as 115% of purchase value or landed cost. Earlier Tribunal decisions and a Board circular were treated as settling the issue, and the demand was found inconsistent with that settled position. The order also notes that the lower authority failed to follow binding judicial discipline despite the relevant precedent and circular. The demand was therefore held not sustainable and the appeal was allowed in favour of the appellant. en-us Wed, 25 Jun 2003 00:00:00 +0530 Sat, 14 Apr 2012 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109896 Clearance of inputs as such was examined under the excise valuation and Cenvat credit rules, with the applicable valuation base disputed as 115% of purchase value or landed cost. Earlier Tribunal decisions and a Board circular were treated as settling the issue, and the demand was found inconsistent with that settled position. The order also notes that the lower authority failed to follow binding judicial discipline despite the relevant precedent and circular. The demand was therefore held not sustainable and the appeal was allowed in favour of the appellant. Case-Laws Central Excise Wed, 25 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109896