https://www.taxtmi.com/caselaws?id=265592 Where inputs on which Cenvat credit had been taken were cleared as such to a sister unit, the Tribunal held that reversal or payment of an amount equal to the credit availed was sufficient compliance. It rejected the departmental attempt to demand duty on 115% of the input value, following the Larger Bench view that no higher deemed-value assessment was warranted in such cases. The demand based on enhanced assessable value was therefore unsustainable, the impugned order was set aside, and the appeal was allowed with consequential relief. en-us Wed, 08 Jul 2015 00:00:00 +0530 Tue, 13 Oct 2015 20:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265592 Where inputs on which Cenvat credit had been taken were cleared as such to a sister unit, the Tribunal held that reversal or payment of an amount equal to the credit availed was sufficient compliance. It rejected the departmental attempt to demand duty on 115% of the input value, following the Larger Bench view that no higher deemed-value assessment was warranted in such cases. The demand based on enhanced assessable value was therefore unsustainable, the impugned order was set aside, and the appeal was allowed with consequential relief. Case-Laws Central Excise Wed, 08 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265592