https://www.taxtmi.com/caselaws?id=126568 Credit on inputs and capital goods lying in a factory is not recoverable merely because the undertaking is transferred on lease, where the goods remain in the factory and continue to be used in or in relation to manufacture of final products. The Tribunal treated the same principle as applicable to transfer of the factory on lease or sale, and rejected recovery of the credit together with consequential demand, interest and penalty on that basis. en-us Thu, 01 Jan 2009 00:00:00 +0530 Thu, 22 Nov 2012 12:22:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126568 Credit on inputs and capital goods lying in a factory is not recoverable merely because the undertaking is transferred on lease, where the goods remain in the factory and continue to be used in or in relation to manufacture of final products. The Tribunal treated the same principle as applicable to transfer of the factory on lease or sale, and rejected recovery of the credit together with consequential demand, interest and penalty on that basis. Case-Laws Central Excise Thu, 01 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126568