https://www.taxtmi.com/caselaws?id=153739 Rule 6 of the Cenvat Credit Rules did not require payment of 10% of transaction value on clearance of Spent Acid as a by-product without duty under Notification No. 6/02-C.E., because earlier Bombay High Court and Tribunal decisions supported the assessee's position. The Tribunal held that the demand was not sustainable on the facts, and rejected the Revenue's appeal. It also disapproved penalty action under Section 11AC, noting that repeated allegations of suppression were unwarranted where the assessee had followed an earlier decision in its own case and the issue remained arguable. en-us Thu, 12 Nov 2009 00:00:00 +0530 Thu, 01 Jun 2017 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153739 Rule 6 of the Cenvat Credit Rules did not require payment of 10% of transaction value on clearance of Spent Acid as a by-product without duty under Notification No. 6/02-C.E., because earlier Bombay High Court and Tribunal decisions supported the assessee's position. The Tribunal held that the demand was not sustainable on the facts, and rejected the Revenue's appeal. It also disapproved penalty action under Section 11AC, noting that repeated allegations of suppression were unwarranted where the assessee had followed an earlier decision in its own case and the issue remained arguable. Case-Laws Central Excise Thu, 12 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153739