https://www.taxtmi.com/caselaws?id=52242 An amount payable under Rule 57CC was treated as distinct from duty or wrongly availed credit, so valuation machinery meant for sales could not be used to invent a notional assessable value for clearances to the Indian Railways system. The text states that, because no sale price existed in captive movement within the same legal entity, recovery could not be routed through Section 11A or the related reversal provisions. It further states that penalties and interest under Section 11AC, Rule 173Q and Section 11AB were not sustainable where the underlying Rule 57CC amount was not recoverable as duty or credit. en-us Mon, 04 Aug 2003 00:00:00 +0530 Fri, 12 Jul 2024 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52242 An amount payable under Rule 57CC was treated as distinct from duty or wrongly availed credit, so valuation machinery meant for sales could not be used to invent a notional assessable value for clearances to the Indian Railways system. The text states that, because no sale price existed in captive movement within the same legal entity, recovery could not be routed through Section 11A or the related reversal provisions. It further states that penalties and interest under Section 11AC, Rule 173Q and Section 11AB were not sustainable where the underlying Rule 57CC amount was not recoverable as duty or credit. Case-Laws Central Excise Mon, 04 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52242