https://www.taxtmi.com/caselaws?id=762426 Cenvat credit remained admissible to the recipient unit on inputs received from sister units where duty had been paid on the invoices and the duty had neither been refunded nor set aside at the supplier end. The Revenue's objection that the supplier units had adopted an inflated assessable value under Rule 8 of the Central Excise Valuation Rules, 2000 did not justify denial of credit to the recipient under Rule 3 of the Cenvat Credit Rules, 2004. On that basis, reversal of credit was unwarranted and penalty was not sustainable. en-us Tue, 19 Nov 2024 00:00:00 +0530 Sat, 30 Nov 2024 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762426 Cenvat credit remained admissible to the recipient unit on inputs received from sister units where duty had been paid on the invoices and the duty had neither been refunded nor set aside at the supplier end. The Revenue's objection that the supplier units had adopted an inflated assessable value under Rule 8 of the Central Excise Valuation Rules, 2000 did not justify denial of credit to the recipient under Rule 3 of the Cenvat Credit Rules, 2004. On that basis, reversal of credit was unwarranted and penalty was not sustainable. Case-Laws Central Excise Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762426