https://www.taxtmi.com/caselaws?id=462755 The CESTAT Kolkata allowed the appeal in a case involving CENVAT credit and valuation method for captive consumption. The appellant cleared goods to their other units which paid excise duty on finished products. The tribunal held that using CAS-4 certificate values and adopting previous month's values for next month clearances did not constitute undervaluation. Regarding time limitation, since monthly returns disclosed clearance details and receiving units claimed CENVAT credit, there was no suppression or evasion intent. The demand for extended period was unsustainable and the appeal was allowed. en-us Tue, 26 Nov 2024 00:00:00 +0530 Mon, 14 Jul 2025 20:15:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462755 The CESTAT Kolkata allowed the appeal in a case involving CENVAT credit and valuation method for captive consumption. The appellant cleared goods to their other units which paid excise duty on finished products. The tribunal held that using CAS-4 certificate values and adopting previous month's values for next month clearances did not constitute undervaluation. Regarding time limitation, since monthly returns disclosed clearance details and receiving units claimed CENVAT credit, there was no suppression or evasion intent. The demand for extended period was unsustainable and the appeal was allowed. Case-Laws Central Excise Tue, 26 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462755