https://www.taxtmi.com/caselaws?id=337287 The Tribunal ruled in favor of the appellants, rejecting the application of Rule 8 for valuation of goods cleared on a stock transfer basis. The Tribunal emphasized that duty was paid based on normal transaction value for similar goods sold to independent buyers, therefore Rule 8 did not apply. Additionally, the demand for the extended period was deemed unsustainable as duty paid clearances were eligible for full Cenvat credit and duly reported to the Department, indicating no fraudulent intent. Consequently, the Tribunal set aside the demand and penalty imposed, allowing the appeal. en-us Thu, 08 Dec 2016 00:00:00 +0530 Fri, 06 Jan 2017 13:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337287 The Tribunal ruled in favor of the appellants, rejecting the application of Rule 8 for valuation of goods cleared on a stock transfer basis. The Tribunal emphasized that duty was paid based on normal transaction value for similar goods sold to independent buyers, therefore Rule 8 did not apply. Additionally, the demand for the extended period was deemed unsustainable as duty paid clearances were eligible for full Cenvat credit and duly reported to the Department, indicating no fraudulent intent. Consequently, the Tribunal set aside the demand and penalty imposed, allowing the appeal. Case-Laws Central Excise Thu, 08 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337287