https://www.taxtmi.com/caselaws?id=351870 The Tribunal found that M/s SPL and M/s SPML were not related persons, dismissing the application of certain Central Excise Valuation Rules. M/s SPL's reversal of Cenvat Credit for exempted goods was deemed sufficient under the Finance Act, 2010. Duty on Bearing/Wearing Plates was not applicable due to their integral role in pipe manufacturing. The extended limitation period was not applicable as there was no suppression of facts. The Tribunal set aside the demands and penalties against the appellants, granting them relief in the appeals. en-us Wed, 16 Aug 2017 00:00:00 +0530 Mon, 01 Jan 2018 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351870 The Tribunal found that M/s SPL and M/s SPML were not related persons, dismissing the application of certain Central Excise Valuation Rules. M/s SPL's reversal of Cenvat Credit for exempted goods was deemed sufficient under the Finance Act, 2010. Duty on Bearing/Wearing Plates was not applicable due to their integral role in pipe manufacturing. The extended limitation period was not applicable as there was no suppression of facts. The Tribunal set aside the demands and penalties against the appellants, granting them relief in the appeals. Case-Laws Central Excise Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351870