https://www.taxtmi.com/caselaws?id=2215 Cenvat credit on duty paid for captively consumed goods transferred between units was treated as admissible, because Rule 7(1)(b) of the Cenvat Credit Rules, 2002 was held inapplicable to such stock transfers even where additional duty arose from undervaluation. The later payment of duty, made promptly after departmental detection and before the show cause notice, supported the view that the matter was revenue neutral and no intention to evade duty was shown. On that basis, the penalty did not survive and was set aside, with consequential relief. en-us Tue, 08 May 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2215 Cenvat credit on duty paid for captively consumed goods transferred between units was treated as admissible, because Rule 7(1)(b) of the Cenvat Credit Rules, 2002 was held inapplicable to such stock transfers even where additional duty arose from undervaluation. The later payment of duty, made promptly after departmental detection and before the show cause notice, supported the view that the matter was revenue neutral and no intention to evade duty was shown. On that basis, the penalty did not survive and was set aside, with consequential relief. Case-Laws Central Excise Tue, 08 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2215