https://www.taxtmi.com/caselaws?id=125759 The Appellate Tribunal CESTAT, Ahmedabad, in a judgment pronounced on 2-10-2009, ruled in favor of the appellants on three issues. Firstly, the transfer of capital goods from Unit-I to Unit-II without reversing credit was considered procedural, leading to a penalty rather than a duty demand. Secondly, the excess credit availed was deemed an omission warranting interest for the period of irregular credit availability, with penalties under Section 11AC set aside. Lastly, the credit taken by Unit-III on inputs for job work was upheld as proper. en-us Fri, 02 Jan 2009 00:00:00 +0530 Mon, 29 Oct 2012 18:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125759 The Appellate Tribunal CESTAT, Ahmedabad, in a judgment pronounced on 2-10-2009, ruled in favor of the appellants on three issues. Firstly, the transfer of capital goods from Unit-I to Unit-II without reversing credit was considered procedural, leading to a penalty rather than a duty demand. Secondly, the excess credit availed was deemed an omission warranting interest for the period of irregular credit availability, with penalties under Section 11AC set aside. Lastly, the credit taken by Unit-III on inputs for job work was upheld as proper. Case-Laws Central Excise Fri, 02 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125759