https://www.taxtmi.com/caselaws?id=340713 Where inputs on which Cenvat credit was taken are removed as such to a sister concern without sale, the amount payable is not to be fixed by applying Rule 8 in the abstract. If no independent transaction value exists, residuary valuation principles apply and the invoice value on which credit was originally taken may be adopted as the basis for reversal. The circular position and prior Tribunal view support that the payable amount corresponds to the credit availed, making the confirmed demand unsustainable. en-us Mon, 27 Feb 2017 00:00:00 +0530 Sat, 25 Mar 2017 09:04:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340713 Where inputs on which Cenvat credit was taken are removed as such to a sister concern without sale, the amount payable is not to be fixed by applying Rule 8 in the abstract. If no independent transaction value exists, residuary valuation principles apply and the invoice value on which credit was originally taken may be adopted as the basis for reversal. The circular position and prior Tribunal view support that the payable amount corresponds to the credit availed, making the confirmed demand unsustainable. Case-Laws Central Excise Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340713