https://www.taxtmi.com/caselaws?id=762292 CESTAT Mumbai allowed appeals regarding valuation of captively consumed goods and CENVAT credit denial. Appellants computed differential duty liability per CAS-4 standards and paid with interest upon finalizing accounts, issuing supplementary invoices to sister units. Tribunal found no fraud, collusion, or suppression of facts as books were finalized timely and Range Superintendent acknowledged audit para was unsustainable. Since supplementary invoices are prescribed documents under Rule 9 and no malpractice existed, denial of CENVAT credit to recipient units was unjustified. Orders set aside, appeals allowed. en-us Mon, 18 Nov 2024 00:00:00 +0530 Fri, 29 Nov 2024 08:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762292 CESTAT Mumbai allowed appeals regarding valuation of captively consumed goods and CENVAT credit denial. Appellants computed differential duty liability per CAS-4 standards and paid with interest upon finalizing accounts, issuing supplementary invoices to sister units. Tribunal found no fraud, collusion, or suppression of facts as books were finalized timely and Range Superintendent acknowledged audit para was unsustainable. Since supplementary invoices are prescribed documents under Rule 9 and no malpractice existed, denial of CENVAT credit to recipient units was unjustified. Orders set aside, appeals allowed. Case-Laws Central Excise Mon, 18 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762292