https://www.taxtmi.com/caselaws?id=767179 CESTAT Kolkata set aside demand for differential excise duty on inter-unit stock transfers by steel manufacturer. Revenue alleged undervaluation under Section 4(1)(a) of Excise Act versus Rule 8/9 of Valuation Rules. Tribunal applied revenue neutrality principle, noting duty paid by transferor unit becomes credit for recipient unit, making additional demand unsustainable. Relied on precedent in same appellant's case and Hindalco Industries matter. Consequently dismissed interest and penalty demands. Appeal allowed, impugned order set aside. en-us Thu, 06 Mar 2025 00:00:00 +0530 Wed, 12 Mar 2025 09:06:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767179 CESTAT Kolkata set aside demand for differential excise duty on inter-unit stock transfers by steel manufacturer. Revenue alleged undervaluation under Section 4(1)(a) of Excise Act versus Rule 8/9 of Valuation Rules. Tribunal applied revenue neutrality principle, noting duty paid by transferor unit becomes credit for recipient unit, making additional demand unsustainable. Relied on precedent in same appellant's case and Hindalco Industries matter. Consequently dismissed interest and penalty demands. Appeal allowed, impugned order set aside. Case-Laws Central Excise Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767179