https://www.taxtmi.com/caselaws?id=209072 Revenue-neutral valuation disputes involving captive clearances and immediate payment of differential duty and interest did not justify extended limitation or penalty under Section 11AC, because the record showed bona fide error and no intent to evade duty. The major penalty was therefore set aside, while the duty and interest remained confirmed. Cenvat credit on furnace oil and LDPE bags used in job-work manufacture of zinc dust was admissible where the goods were used by the principal manufacturer in further manufacture, so the credit denial and related penalty were deleted. A small residual duty demand and corresponding penalty were sustained, but the employee penalty was set aside. en-us Thu, 17 Mar 2011 00:00:00 +0530 Wed, 31 Jul 2013 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209072 Revenue-neutral valuation disputes involving captive clearances and immediate payment of differential duty and interest did not justify extended limitation or penalty under Section 11AC, because the record showed bona fide error and no intent to evade duty. The major penalty was therefore set aside, while the duty and interest remained confirmed. Cenvat credit on furnace oil and LDPE bags used in job-work manufacture of zinc dust was admissible where the goods were used by the principal manufacturer in further manufacture, so the credit denial and related penalty were deleted. A small residual duty demand and corresponding penalty were sustained, but the employee penalty was set aside. Case-Laws Central Excise Thu, 17 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209072