Transferring ownership of capital goods without physical removal is a "removal" u/r 3(4), CENVAT Credit must be recovered. https://www.taxtmi.com/highlights?id=19652 CENVAT Credit - transfer of ownership / sale to another without removal of capital goods goods - would be construed as removal within the meaning of Rule 3(4) of the CENVAT Credit Rules,2004 and CENVAT Credit on the capital goods availed by the transferor is liable to be recovered - AT en-us Mon, 11 Aug 2014 18:47:08 +0530 Mon, 11 Aug 2014 18:47:08 +0530 TaxTMI RSS Generator Transferring ownership of capital goods without physical removal is a "removal" u/r 3(4), CENVAT Credit must be recovered. https://www.taxtmi.com/highlights?id=19652 CENVAT Credit - transfer of ownership / sale to another without removal of capital goods goods - would be construed as removal within the meaning of Rule 3(4) of the CENVAT Credit Rules,2004 and CENVAT Credit on the capital goods availed by the transferor is liable to be recovered - AT Highlights Central Excise Mon, 11 Aug 2014 18:47:08 +0530 https://www.taxtmi.com/highlights?id=19652