https://www.taxtmi.com/caselaws?id=755322 CESTAT Chennai upheld excise duty liability on copper anode moulds used for captive consumption, rejecting appellant's challenge to excisability raised at late stage. Tribunal confirmed double taxation is permissible where legislative intent is clear, citing SC precedents. Assessable value for copper anodes (July 2001-March 2002) determined at Rs. 94,446 per MT based on combined CAS-4 value submissions. Interest on delayed duty payment upheld following SC ruling in SKF India Ltd. However, penalty under Rule 25 of Central Excise Rules 2002 was set aside as no intent to evade duty was established, with dispute relating only to valuation methodology. en-us Tue, 09 Jul 2024 00:00:00 +0530 Wed, 10 Jul 2024 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755322 CESTAT Chennai upheld excise duty liability on copper anode moulds used for captive consumption, rejecting appellant's challenge to excisability raised at late stage. Tribunal confirmed double taxation is permissible where legislative intent is clear, citing SC precedents. Assessable value for copper anodes (July 2001-March 2002) determined at Rs. 94,446 per MT based on combined CAS-4 value submissions. Interest on delayed duty payment upheld following SC ruling in SKF India Ltd. However, penalty under Rule 25 of Central Excise Rules 2002 was set aside as no intent to evade duty was established, with dispute relating only to valuation methodology. Case-Laws Central Excise Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755322