https://www.taxtmi.com/caselaws?id=340488 Under the EPCG scheme, differential customs duty and interest paid by the lessor were treated as the lessor's own statutory liability, not as additional consideration flowing to the assessee, so they could not be added to excisable value under the Central Excise Valuation Rules, 2000. CENVAT credit on capital goods was also held to be available where the goods were installed and used in the factory and credit was supported by a valid supplementary invoice; procedural lapses such as missing declarations or register entries did not defeat substantive entitlement. On that basis, the demand, penalty, and denial of credit did not survive. en-us Tue, 28 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340488 Under the EPCG scheme, differential customs duty and interest paid by the lessor were treated as the lessor's own statutory liability, not as additional consideration flowing to the assessee, so they could not be added to excisable value under the Central Excise Valuation Rules, 2000. CENVAT credit on capital goods was also held to be available where the goods were installed and used in the factory and credit was supported by a valid supplementary invoice; procedural lapses such as missing declarations or register entries did not defeat substantive entitlement. On that basis, the demand, penalty, and denial of credit did not survive. Case-Laws Central Excise Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340488