https://www.taxtmi.com/caselaws?id=766873 CESTAT Kolkata allowed the appeal in a case involving undervaluation of goods during stock transfer to related units. The appellant had cleared goods to sister unit under Rule 8 of Valuation Rules, adopting 110% of cost per CAS-4. The Tribunal held this was a revenue neutral situation, as any excess duty paid would be entitled to cenvat credit by the same unit. Following precedent in Hindalco Industries case, the Tribunal ruled that demanding duty on short payment while ignoring excess payment was bad in law. The impugned order was set aside. en-us Wed, 12 Feb 2025 00:00:00 +0530 Thu, 06 Mar 2025 07:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766873 CESTAT Kolkata allowed the appeal in a case involving undervaluation of goods during stock transfer to related units. The appellant had cleared goods to sister unit under Rule 8 of Valuation Rules, adopting 110% of cost per CAS-4. The Tribunal held this was a revenue neutral situation, as any excess duty paid would be entitled to cenvat credit by the same unit. Following precedent in Hindalco Industries case, the Tribunal ruled that demanding duty on short payment while ignoring excess payment was bad in law. The impugned order was set aside. Case-Laws Central Excise Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766873