https://www.taxtmi.com/caselaws?id=178593 Rules 8 and 9 of the Central Excise Valuation Rules could not justify adoption of 115% of cost as assessable value where the clearances were not confined exclusively to related partnership firms and were also made to independent customers. The valuation adopted in the impugned order was therefore unsustainable. The duty demand was also rendered revenue-neutral because the buyer units could avail Cenvat credit of the duty paid, supporting relief from duty, interest and penalty. The assessee succeeded on both valuation and revenue-neutrality grounds. en-us Thu, 21 Nov 2013 00:00:00 +0530 Tue, 09 Feb 2016 11:35:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178593 Rules 8 and 9 of the Central Excise Valuation Rules could not justify adoption of 115% of cost as assessable value where the clearances were not confined exclusively to related partnership firms and were also made to independent customers. The valuation adopted in the impugned order was therefore unsustainable. The duty demand was also rendered revenue-neutral because the buyer units could avail Cenvat credit of the duty paid, supporting relief from duty, interest and penalty. The assessee succeeded on both valuation and revenue-neutrality grounds. Case-Laws Central Excise Thu, 21 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178593