https://www.taxtmi.com/caselaws?id=236168 The Tribunal upheld the orders-in-original, dismissing the appeals. It held that the assessable value for captive consumption must include the notional profit as per Rule 8 of the Central Excise Valuation Rules, 2000. The extended period of limitation was deemed applicable due to the conscious act of short payment of duty. The concept of revenue neutrality was rejected, emphasizing the obligation to pay correct duty despite potential CENVAT credit. Penalties and fines were upheld for deliberate undervaluation and suppression of facts, reinforcing strict compliance with valuation rules and accurate duty payment. en-us Fri, 22 Mar 2013 00:00:00 +0530 Wed, 23 Apr 2014 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236168 The Tribunal upheld the orders-in-original, dismissing the appeals. It held that the assessable value for captive consumption must include the notional profit as per Rule 8 of the Central Excise Valuation Rules, 2000. The extended period of limitation was deemed applicable due to the conscious act of short payment of duty. The concept of revenue neutrality was rejected, emphasizing the obligation to pay correct duty despite potential CENVAT credit. Penalties and fines were upheld for deliberate undervaluation and suppression of facts, reinforcing strict compliance with valuation rules and accurate duty payment. Case-Laws Central Excise Fri, 22 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236168