https://www.taxtmi.com/caselaws?id=30407 Transfer of inputs to a sister unit was treated as revenue neutral where the assessee had originally taken Cenvat credit and no independent sale price to unrelated buyers was shown. On that basis, reversal of the credit was considered sufficient and duty on transaction value was not payable. The note also states that bona fide uncertainty created by rule changes and circulars prevented a finding of wilful misstatement or suppression, so extended limitation, interest and penalty could not be sustained. Cenvat credit on supplementary invoices was allowed, and the related freight and trimming demands were set aside, with trimming charges treated as outside the includible value on the facts noted. en-us Wed, 13 Feb 2008 00:00:00 +0530 Thu, 24 Oct 2019 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30407 Transfer of inputs to a sister unit was treated as revenue neutral where the assessee had originally taken Cenvat credit and no independent sale price to unrelated buyers was shown. On that basis, reversal of the credit was considered sufficient and duty on transaction value was not payable. The note also states that bona fide uncertainty created by rule changes and circulars prevented a finding of wilful misstatement or suppression, so extended limitation, interest and penalty could not be sustained. Cenvat credit on supplementary invoices was allowed, and the related freight and trimming demands were set aside, with trimming charges treated as outside the includible value on the facts noted. Case-Laws Central Excise Wed, 13 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30407