https://www.taxtmi.com/caselaws?id=210949 Credit utilisation under the CENVAT rules is stated to be allowable for discharge of BED, SED and AED where no express prohibition exists, so a demand on alleged improper utilisation cannot be sustained. Duty based on under-valuation is said to fail where the transaction value at clearance was not rejected and no lawful basis was shown to substitute another value. Reversal of CENVAT credit is treated as payable when inputs taken on credit are removed from the factory as such, unless deterioration or another exclusion is proved. Penalty is described as not warranted in the partial-relief context. en-us Fri, 30 Sep 2011 00:00:00 +0530 Thu, 31 Oct 2013 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210949 Credit utilisation under the CENVAT rules is stated to be allowable for discharge of BED, SED and AED where no express prohibition exists, so a demand on alleged improper utilisation cannot be sustained. Duty based on under-valuation is said to fail where the transaction value at clearance was not rejected and no lawful basis was shown to substitute another value. Reversal of CENVAT credit is treated as payable when inputs taken on credit are removed from the factory as such, unless deterioration or another exclusion is proved. Penalty is described as not warranted in the partial-relief context. Case-Laws Central Excise Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210949