https://www.taxtmi.com/caselaws?id=762947 Valuation demand on clearances for captive consumption and supplies to a sister concern was largely unsustainable because the Rule 8 basis did not the mixed clearance pattern and the record indicated revenue neutrality; only the conceded amount survived. Cenvat credit could not be denied where imported inputs covered by endorsed bills of entry, endorsed invoices or xerox copies were received and used in the factory, and short receipt of methanol was treated as marginal evaporation or handling loss without proof of diversion. Credit on inputs used for research and development was also allowed as activity integral to manufacture. Alleged stock shortages were not proved by reliable evidence, so the related demands and penalties were set aside. en-us Mon, 09 Dec 2024 00:00:00 +0530 Tue, 10 Dec 2024 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762947 Valuation demand on clearances for captive consumption and supplies to a sister concern was largely unsustainable because the Rule 8 basis did not the mixed clearance pattern and the record indicated revenue neutrality; only the conceded amount survived. Cenvat credit could not be denied where imported inputs covered by endorsed bills of entry, endorsed invoices or xerox copies were received and used in the factory, and short receipt of methanol was treated as marginal evaporation or handling loss without proof of diversion. Credit on inputs used for research and development was also allowed as activity integral to manufacture. Alleged stock shortages were not proved by reliable evidence, so the related demands and penalties were set aside. Case-Laws Central Excise Mon, 09 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762947