https://www.taxtmi.com/caselaws?id=435247 Where intermediate goods are manufactured using free-supplied inputs and the final product manufacturer is entitled to credit on those inputs, the cost of the free-supplied materials is not added to the assessable value of the intermediate product under the credit-linked excise valuation scheme. Applying the MODVAT/CENVAT line of decisions and treating Rule 4(5)(a) of the Cenvat Credit Rules, 2004 as pari materia to the earlier provision, the tribunal held that the valuation objection did not survive. On that basis, the duty demand and penalty could not be sustained, and the impugned order was set aside. en-us Wed, 08 Mar 2023 00:00:00 +0530 Thu, 16 Mar 2023 08:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435247 Where intermediate goods are manufactured using free-supplied inputs and the final product manufacturer is entitled to credit on those inputs, the cost of the free-supplied materials is not added to the assessable value of the intermediate product under the credit-linked excise valuation scheme. Applying the MODVAT/CENVAT line of decisions and treating Rule 4(5)(a) of the Cenvat Credit Rules, 2004 as pari materia to the earlier provision, the tribunal held that the valuation objection did not survive. On that basis, the duty demand and penalty could not be sustained, and the impugned order was set aside. Case-Laws Central Excise Wed, 08 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435247