https://www.taxtmi.com/caselaws?id=751143 Where an assessee did not opt for an exemption notification and paid duty on its disclosed valuation method for bus-body manufacture on chassis, the notification conditions could not be used to deny CENVAT credit on duty-paid chassis; the credit denial was unsustainable. For the pre-01.04.2007 period, valuation had to follow Ujagar Prints, so the department could not apply Rule 10A retrospectively to rework bus-body value and raise differential duty. As the assessee had disclosed the valuation basis and no suppression or misdeclaration was shown, the extended period of limitation was unavailable and the duty demand was barred. en-us Fri, 05 Apr 2024 00:00:00 +0530 Mon, 08 Apr 2024 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751143 Where an assessee did not opt for an exemption notification and paid duty on its disclosed valuation method for bus-body manufacture on chassis, the notification conditions could not be used to deny CENVAT credit on duty-paid chassis; the credit denial was unsustainable. For the pre-01.04.2007 period, valuation had to follow Ujagar Prints, so the department could not apply Rule 10A retrospectively to rework bus-body value and raise differential duty. As the assessee had disclosed the valuation basis and no suppression or misdeclaration was shown, the extended period of limitation was unavailable and the duty demand was barred. Case-Laws Central Excise Fri, 05 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751143