https://www.taxtmi.com/caselaws?id=75555 Inter-unit transfer of used capital goods within the same manufacturer was treated as revenue neutral because the receiving unit could immediately avail the corresponding Cenvat credit. The Tribunal accepted that, in these facts, reversal based on depreciated value was sufficient and that the amended position on removal of capital goods after use did not justify demanding the full original credit. Since the dispute related only to the quantum of reversal and depreciated value was a normal accounting basis, the differential duty demand and penalty were held unsustainable. The assessee was granted relief. en-us Wed, 29 Jul 2009 00:00:00 +0530 Fri, 23 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75555 Inter-unit transfer of used capital goods within the same manufacturer was treated as revenue neutral because the receiving unit could immediately avail the corresponding Cenvat credit. The Tribunal accepted that, in these facts, reversal based on depreciated value was sufficient and that the amended position on removal of capital goods after use did not justify demanding the full original credit. Since the dispute related only to the quantum of reversal and depreciated value was a normal accounting basis, the differential duty demand and penalty were held unsustainable. The assessee was granted relief. Case-Laws Central Excise Wed, 29 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75555