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    <title>2005 (2) TMI 694 - CESTAT, CHENNAI</title>
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    <description>Duty on inputs removed as such after availing Cenvat credit is payable under Rule 3(4) of the Cenvat Credit Rules at the rate applicable on the date of removal, on the value determined under Section 4 or Section 4A. The Tribunal accepted that duty had been discharged at the correct rate and on transaction value, and held that the Commissioner&#039;s view matched the rule. It found no illegality in the appellate order interfering with the demand and penalty, and the challenge was rejected.</description>
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      <link>https://www.taxtmi.com/caselaws?id=115941</link>
      <description>Duty on inputs removed as such after availing Cenvat credit is payable under Rule 3(4) of the Cenvat Credit Rules at the rate applicable on the date of removal, on the value determined under Section 4 or Section 4A. The Tribunal accepted that duty had been discharged at the correct rate and on transaction value, and held that the Commissioner&#039;s view matched the rule. It found no illegality in the appellate order interfering with the demand and penalty, and the challenge was rejected.</description>
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