https://www.taxtmi.com/caselaws?id=762426 CESTAT Kolkata allowed the appeal regarding CENVAT credit denial. Revenue alleged sender units inflated soap noodles stock transfer values compared to production costs, resulting in excess credit claims. The appellant paid duty on invoices at 115%/110% of production cost per Rule 8 Valuation Rules. Tribunal held appellant entitled to CENVAT credit on actual duty paid, citing Punjab & Haryana HC precedent that unless excess duty is refunded, assessee can claim credit as department cannot collect duty twice. Credit admissible, penalty set aside. 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 CESTAT Kolkata allowed the appeal regarding CENVAT credit denial. Revenue alleged sender units inflated soap noodles stock transfer values compared to production costs, resulting in excess credit claims. The appellant paid duty on invoices at 115%/110% of production cost per Rule 8 Valuation Rules. Tribunal held appellant entitled to CENVAT credit on actual duty paid, citing Punjab & Haryana HC precedent that unless excess duty is refunded, assessee can claim credit as department cannot collect duty twice. Credit admissible, penalty set aside. Case-Laws Central Excise Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762426