https://www.taxtmi.com/caselaws?id=236779 The Tribunal allowed the appeal in favor of the appellant, holding that the availed credit on forklifts as capital goods did not require reversal upon clearance in 2007 without payment of Central Excise duty. Citing a High Court judgment, the Tribunal distinguished between capital goods cleared after use and those cleared without use, emphasizing the prevention of duty cascading. The appellant's position was upheld, setting aside the department's demand for payment along with interest and penalty. en-us Fri, 08 Feb 2013 00:00:00 +0530 Sat, 07 Sep 2013 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236779 The Tribunal allowed the appeal in favor of the appellant, holding that the availed credit on forklifts as capital goods did not require reversal upon clearance in 2007 without payment of Central Excise duty. Citing a High Court judgment, the Tribunal distinguished between capital goods cleared after use and those cleared without use, emphasizing the prevention of duty cascading. The appellant's position was upheld, setting aside the department's demand for payment along with interest and penalty. Case-Laws Central Excise Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236779