https://www.taxtmi.com/caselaws?id=438882 The tribunal ruled in favor of the appellant, a manufacturer of Nylon and Pet Chips, in a case involving the deduction of moisture content in chip valuation. The tribunal accepted the appellant's evidence, including CAS-4 certificates and certificates from a Cost Accountant, supporting the claimed discount for moisture content. It found the department's objections unsubstantiated and set aside the demand of Rs. 92,28,179. The tribunal also rejected the imposition of penalty and extended limitation period, deeming the situation revenue neutral and ruling in favor of the appellant for the years 2007-2011. en-us Thu, 08 Jun 2023 00:00:00 +0530 Mon, 12 Jun 2023 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438882 The tribunal ruled in favor of the appellant, a manufacturer of Nylon and Pet Chips, in a case involving the deduction of moisture content in chip valuation. The tribunal accepted the appellant's evidence, including CAS-4 certificates and certificates from a Cost Accountant, supporting the claimed discount for moisture content. It found the department's objections unsubstantiated and set aside the demand of Rs. 92,28,179. The tribunal also rejected the imposition of penalty and extended limitation period, deeming the situation revenue neutral and ruling in favor of the appellant for the years 2007-2011. Case-Laws Central Excise Thu, 08 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438882