https://www.taxtmi.com/caselaws?id=214077 Duty demand on transfer of used capital goods was treated as revenue-neutral, because any credit reversed by one unit would have been available to the other unit. The legal position on duty computation for used capital goods was also unsettled during the relevant period, with contrary views on the applicable method. On that basis, the record did not establish suppression of facts or misdeclaration with intent to evade duty, so the connected interest and penalty could not be sustained. Relief was granted to the appellants. en-us Mon, 07 May 2012 00:00:00 +0530 Fri, 08 Jun 2012 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214077 Duty demand on transfer of used capital goods was treated as revenue-neutral, because any credit reversed by one unit would have been available to the other unit. The legal position on duty computation for used capital goods was also unsettled during the relevant period, with contrary views on the applicable method. On that basis, the record did not establish suppression of facts or misdeclaration with intent to evade duty, so the connected interest and penalty could not be sustained. Relief was granted to the appellants. Case-Laws Central Excise Mon, 07 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214077