https://www.taxtmi.com/caselaws?id=124371 The Tribunal ruled in favor of the applicant in a case concerning the transfer of credit on inputs and capital goods post-sale of a business. Despite the ownership transfer, the Tribunal found that the conditions for credit utilization were met, waiving the duty pre-deposit and penalty. The appellant successfully argued that as they retained possession and used the goods for manufacturing excisable products, disallowance of credit was unjustified. The Tribunal referenced relevant precedents and concluded that the appellant had a prima facie case, leading to the unconditional allowance of the stay petition. en-us Thu, 31 Jan 2008 00:00:00 +0530 Fri, 18 Oct 2019 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124371 The Tribunal ruled in favor of the applicant in a case concerning the transfer of credit on inputs and capital goods post-sale of a business. Despite the ownership transfer, the Tribunal found that the conditions for credit utilization were met, waiving the duty pre-deposit and penalty. The appellant successfully argued that as they retained possession and used the goods for manufacturing excisable products, disallowance of credit was unjustified. The Tribunal referenced relevant precedents and concluded that the appellant had a prima facie case, leading to the unconditional allowance of the stay petition. Case-Laws Central Excise Thu, 31 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124371