https://www.taxtmi.com/caselaws?id=153575 The Tribunal ruled in favor of the Department, directing the appellant to pay duty on the depreciated value of the transferred duty paid DG set under Rule 3(5) of Cenvat Credit Rules. The penalties imposed were set aside as the initial credit availed was not irregular. The judgment emphasized adherence to rules and precedents in determining duty payment and penalties for inter-unit transfers of capital goods within the same company, ensuring revenue neutrality in specific situations. en-us Thu, 08 Apr 2010 00:00:00 +0530 Thu, 25 Jul 2013 10:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153575 The Tribunal ruled in favor of the Department, directing the appellant to pay duty on the depreciated value of the transferred duty paid DG set under Rule 3(5) of Cenvat Credit Rules. The penalties imposed were set aside as the initial credit availed was not irregular. The judgment emphasized adherence to rules and precedents in determining duty payment and penalties for inter-unit transfers of capital goods within the same company, ensuring revenue neutrality in specific situations. Case-Laws Central Excise Thu, 08 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153575