https://www.taxtmi.com/caselaws?id=414681 The Tribunal ruled in favor of the appellant, finding that the valuation method based on the cost of raw material plus job charges was correct. It determined that there was no suppression of facts or malafide intention in the non-payment/short-payment of duty, leading to the setting aside of penalties. The entitlement of Cenvat Credit to the principal manufacturer was upheld, and penalties and interest were also set aside. The matters were remanded for re-determination of value and recomputation of excise duty and interest by the adjudicating authority. en-us Fri, 12 Nov 2021 00:00:00 +0530 Mon, 15 Nov 2021 09:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414681 The Tribunal ruled in favor of the appellant, finding that the valuation method based on the cost of raw material plus job charges was correct. It determined that there was no suppression of facts or malafide intention in the non-payment/short-payment of duty, leading to the setting aside of penalties. The entitlement of Cenvat Credit to the principal manufacturer was upheld, and penalties and interest were also set aside. The matters were remanded for re-determination of value and recomputation of excise duty and interest by the adjudicating authority. Case-Laws Central Excise Fri, 12 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414681