https://www.taxtmi.com/caselaws?id=387803 Refund under Rule 5 of the CENVAT Credit Rules, 2004 must be recomputed by using a uniform export turnover value in both the numerator and denominator of the formula; inconsistent valuation was treated as incorrect, so the matter was remanded for fresh computation. Credit refund on segments and castings was not admissible as inputs because they were classified as capital goods under Chapter sub-heading 84399100, and their consumption or exhaustion in use did not alter that character. The refund claim on those items was therefore denied, while relief was limited to recomputation on the correct formula. en-us Wed, 18 Sep 2019 00:00:00 +0530 Fri, 01 Nov 2019 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387803 Refund under Rule 5 of the CENVAT Credit Rules, 2004 must be recomputed by using a uniform export turnover value in both the numerator and denominator of the formula; inconsistent valuation was treated as incorrect, so the matter was remanded for fresh computation. Credit refund on segments and castings was not admissible as inputs because they were classified as capital goods under Chapter sub-heading 84399100, and their consumption or exhaustion in use did not alter that character. The refund claim on those items was therefore denied, while relief was limited to recomputation on the correct formula. Case-Laws Central Excise Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387803