https://www.taxtmi.com/caselaws?id=206566 The Tribunal held that the demand for reversal of Cenvat Credit on duty paid for capital goods transferred between units was time-barred as the show-cause notice did not allege suppression, fraud, or collusion by the assessee within the statutory timeline. Relying on relevant case laws and Supreme Court judgments, the Tribunal set aside the demands for reversal, penalties, and interest, allowing the appeal with consequential relief. The importance of adhering to statutory timelines in such matters was emphasized. en-us Thu, 06 Jan 2011 00:00:00 +0530 Mon, 24 Oct 2011 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206566 The Tribunal held that the demand for reversal of Cenvat Credit on duty paid for capital goods transferred between units was time-barred as the show-cause notice did not allege suppression, fraud, or collusion by the assessee within the statutory timeline. Relying on relevant case laws and Supreme Court judgments, the Tribunal set aside the demands for reversal, penalties, and interest, allowing the appeal with consequential relief. The importance of adhering to statutory timelines in such matters was emphasized. Case-Laws Central Excise Thu, 06 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206566