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2014 (7) TMI 984 - AT - Central ExciseReversal of cenvat credit - capital goods cleared as such to their sister unit - duty paid on the transaction value, which is less than the depreciated value - scope of the term 'as such' - Held that:- there is merit in the Revenue’s appeal and the respondents are liable to pay the differential duty as confirmed by the adjudicating authority on the depreciated value of the used capital goods cleared as such to their sister unit. Levy of penalty - held that:- Revenue has not put forth any valid grounds on the suppression of facts. - penalty waived - demand of duty and interest confirmed - Decided partly in favor of revenue.
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