https://www.taxtmi.com/caselaws?id=119693 The Appellate Tribunal CESTAT, CHENNAI granted the waiver of predeposit and stay of recovery for duty and penalty amounts demanded from the appellants for processed cotton fabrics. The Tribunal considered the captively consumed processed fabrics in the sister unit, leading to a discussion on the assessable value under Rule 8. The decision aimed to address duty demand and penalties, ensuring fairness and compliance with excise valuation rules based on the grounds of revenue neutrality and specific circumstances of fabric processing and transfer. en-us Thu, 18 May 2006 00:00:00 +0530 Thu, 12 Jul 2012 15:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119693 The Appellate Tribunal CESTAT, CHENNAI granted the waiver of predeposit and stay of recovery for duty and penalty amounts demanded from the appellants for processed cotton fabrics. The Tribunal considered the captively consumed processed fabrics in the sister unit, leading to a discussion on the assessable value under Rule 8. The decision aimed to address duty demand and penalties, ensuring fairness and compliance with excise valuation rules based on the grounds of revenue neutrality and specific circumstances of fabric processing and transfer. Case-Laws Central Excise Thu, 18 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119693