https://www.taxtmi.com/caselaws?id=30952 Modvat credit could not be denied on the basis of an alleged inflation of the assessable value of semi-finished goods supplied between sister concerns without a proper valuation analysis. The Department had not established under-valuation of the recipient unit's final product, and the supplier unit's valuation had already been accepted with duty paid. On those facts, the duty already assessed could not be treated as a mere deposit or recharacterised without a legally sustainable basis for disturbing the accepted valuation. en-us Thu, 07 Aug 2008 00:00:00 +0530 Tue, 04 Nov 2025 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30952 Modvat credit could not be denied on the basis of an alleged inflation of the assessable value of semi-finished goods supplied between sister concerns without a proper valuation analysis. The Department had not established under-valuation of the recipient unit's final product, and the supplier unit's valuation had already been accepted with duty paid. On those facts, the duty already assessed could not be treated as a mere deposit or recharacterised without a legally sustainable basis for disturbing the accepted valuation. Case-Laws Central Excise Thu, 07 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30952