https://www.taxtmi.com/caselaws?id=444091 For CENVAT credit under Rule 3(7)(a) of the CENVAT Credit Rules, 2004, inputs procured from EOUs must be computed with reference to the basic customs duty actually leviable and charged; substituting the tariff rate of basic customs duty is not permitted, so the assessee's method was rejected on the merits. On limitation, the extended period could not be invoked in the absence of material showing suppression of facts or similar conduct, so the demand was confined to the normal limitation period. The result was partial relief on limitation while the substantive credit computation issue was decided against the assessee. en-us Fri, 08 Sep 2023 00:00:00 +0530 Mon, 09 Oct 2023 20:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444091 For CENVAT credit under Rule 3(7)(a) of the CENVAT Credit Rules, 2004, inputs procured from EOUs must be computed with reference to the basic customs duty actually leviable and charged; substituting the tariff rate of basic customs duty is not permitted, so the assessee's method was rejected on the merits. On limitation, the extended period could not be invoked in the absence of material showing suppression of facts or similar conduct, so the demand was confined to the normal limitation period. The result was partial relief on limitation while the substantive credit computation issue was decided against the assessee. Case-Laws Central Excise Fri, 08 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444091