https://www.taxtmi.com/caselaws?id=444648 The Tribunal set aside the impugned order and allowed the appeal filed by the Appellant, determining that Rule 8 of the Central Excise Valuation Rules, 2000, was inapplicable. It was held that the duty demand was unsustainable because the goods were also sold to independent buyers, not entirely captively consumed or sold to related persons. Consequently, the Tribunal dismissed the demand for excise duty, education cess, and higher education cess, as well as the associated interest and penalty, aligning with the precedent set in Ispat Industries Ltd. v. Commissioner of Central Excise Raigad. en-us Wed, 11 Oct 2023 00:00:00 +0530 Thu, 19 Oct 2023 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444648 The Tribunal set aside the impugned order and allowed the appeal filed by the Appellant, determining that Rule 8 of the Central Excise Valuation Rules, 2000, was inapplicable. It was held that the duty demand was unsustainable because the goods were also sold to independent buyers, not entirely captively consumed or sold to related persons. Consequently, the Tribunal dismissed the demand for excise duty, education cess, and higher education cess, as well as the associated interest and penalty, aligning with the precedent set in Ispat Industries Ltd. v. Commissioner of Central Excise Raigad. Case-Laws Central Excise Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444648