https://www.taxtmi.com/caselaws?id=338559 Returned duty-paid motor vehicles re-entered after testing without any process amounting to manufacture attracted Rule 16(2) liability to pay duty equivalent to the Cenvat credit originally taken, so payment on transaction value was insufficient and the differential duty was sustainable on merits. The demand for the earlier part of the period was time-barred because the assessee had filed periodic returns and the dispute concerned interpretation of Rule 16 rather than suppression or mala fide evasion. The reduced penalty was maintained and not interfered with, resulting in only partial allowance of the appeal. en-us Fri, 11 Nov 2016 00:00:00 +0530 Tue, 07 Feb 2017 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338559 Returned duty-paid motor vehicles re-entered after testing without any process amounting to manufacture attracted Rule 16(2) liability to pay duty equivalent to the Cenvat credit originally taken, so payment on transaction value was insufficient and the differential duty was sustainable on merits. The demand for the earlier part of the period was time-barred because the assessee had filed periodic returns and the dispute concerned interpretation of Rule 16 rather than suppression or mala fide evasion. The reduced penalty was maintained and not interfered with, resulting in only partial allowance of the appeal. Case-Laws Central Excise Fri, 11 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338559