https://www.taxtmi.com/caselaws?id=123504 The Tribunal ruled in favor of the appellant, M/s. Lakshmi Machine Works, Coimbatore, based on the interpretation of the Cenvat Credit Rules, 2004, and relevant precedents. The decision emphasized that no credit reversal was required when capital goods were removed after use, as opposed to 'as such'. The demand for differential credit, interest, and penalty was set aside, and the appeal was allowed, following the principles outlined in Salona Cotspin Ltd. and Madura Coats Ltd. en-us Thu, 23 Aug 2007 00:00:00 +0530 Fri, 14 Sep 2012 16:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123504 The Tribunal ruled in favor of the appellant, M/s. Lakshmi Machine Works, Coimbatore, based on the interpretation of the Cenvat Credit Rules, 2004, and relevant precedents. The decision emphasized that no credit reversal was required when capital goods were removed after use, as opposed to 'as such'. The demand for differential credit, interest, and penalty was set aside, and the appeal was allowed, following the principles outlined in Salona Cotspin Ltd. and Madura Coats Ltd. Case-Laws Central Excise Thu, 23 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123504