https://www.taxtmi.com/caselaws?id=470154 Valuation-related excise duty on clearances of transformer components to sister units was unsustainable where any additional duty arising from omission of the prescribed Rule 8 profit margin would be fully available as Cenvat credit to recipient units manufacturing dutiable goods. The inter-unit transactions were therefore revenue neutral. Extended limitation could not be invoked because the clearances and duty payments were disclosed in ER-1 returns, and no evidence established suppression or other basis for the extended period. The valuation-based demand could not survive on merits or limitation. en-us Fri, 20 Jun 2025 00:00:00 +0530 Fri, 17 Jul 2026 21:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470154 Valuation-related excise duty on clearances of transformer components to sister units was unsustainable where any additional duty arising from omission of the prescribed Rule 8 profit margin would be fully available as Cenvat credit to recipient units manufacturing dutiable goods. The inter-unit transactions were therefore revenue neutral. Extended limitation could not be invoked because the clearances and duty payments were disclosed in ER-1 returns, and no evidence established suppression or other basis for the extended period. The valuation-based demand could not survive on merits or limitation. Case-Laws Central Excise Fri, 20 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470154