https://www.taxtmi.com/caselaws?id=210578 The Tribunal ruled in favor of the appellant, a manufacturer of polyester metallised/plastic film, in a case involving the applicability of Rule 6(3)(b) of Cenvat Credit Rules and the valuation of goods cleared on a stock transfer basis for captive consumption. The Tribunal held that the appellant's actions of reversing the proportionate Cenvat credit and using the price at which goods were sold to independent buyers were justified, dismissing the department's demands for payment based on different valuation methods. The Tribunal granted relief to the appellant by waiving the pre-deposit requirement and staying the recovery until the appeals were disposed of. en-us Mon, 25 Jul 2011 00:00:00 +0530 Thu, 16 Feb 2012 06:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210578 The Tribunal ruled in favor of the appellant, a manufacturer of polyester metallised/plastic film, in a case involving the applicability of Rule 6(3)(b) of Cenvat Credit Rules and the valuation of goods cleared on a stock transfer basis for captive consumption. The Tribunal held that the appellant's actions of reversing the proportionate Cenvat credit and using the price at which goods were sold to independent buyers were justified, dismissing the department's demands for payment based on different valuation methods. The Tribunal granted relief to the appellant by waiving the pre-deposit requirement and staying the recovery until the appeals were disposed of. Case-Laws Central Excise Mon, 25 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210578