https://www.taxtmi.com/caselaws?id=366905 In job-work clearances, Rule 8 of the Central Excise Valuation Rules, 2000 does not apply where the factual basis for principal-manufacturer valuation is absent, so differential duty based on that method is not sustainable. CENVAT credit on HR coils used exclusively to manufacture exempted pipes is barred under Rule 6(1) of the CENVAT Credit Rules, 2004, and the credit already reversed must be given due adjustment on re-quantification. Where records and ER-1 returns disclose the relevant facts, the extended period of limitation cannot be invoked without evidence of suppression with intent to evade, and penalty also fails for the same reason. en-us Thu, 06 Sep 2018 00:00:00 +0530 Thu, 13 Sep 2018 08:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366905 In job-work clearances, Rule 8 of the Central Excise Valuation Rules, 2000 does not apply where the factual basis for principal-manufacturer valuation is absent, so differential duty based on that method is not sustainable. CENVAT credit on HR coils used exclusively to manufacture exempted pipes is barred under Rule 6(1) of the CENVAT Credit Rules, 2004, and the credit already reversed must be given due adjustment on re-quantification. Where records and ER-1 returns disclose the relevant facts, the extended period of limitation cannot be invoked without evidence of suppression with intent to evade, and penalty also fails for the same reason. Case-Laws Central Excise Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366905