https://www.taxtmi.com/caselaws?id=260299 Modvat credit on capital goods shifted between an assessee's own units was treated as properly availed where prior intimation was given to the department, the goods were moved within the assessee's units, and the credit was reversed on removal. The department's claim that the capital goods were never received in the factory was rejected for lack of verification or contrary evidence. The procedure was held consistent with the scheme governing credit on capital goods and removal before installation, and the earlier Tribunal view on intra-assessment-unit movement of capital goods was followed. The disallowance of credit was set aside, and the penalties imposed on both units were also vacated. en-us Thu, 26 Mar 2015 00:00:00 +0530 Mon, 01 Jun 2015 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260299 Modvat credit on capital goods shifted between an assessee's own units was treated as properly availed where prior intimation was given to the department, the goods were moved within the assessee's units, and the credit was reversed on removal. The department's claim that the capital goods were never received in the factory was rejected for lack of verification or contrary evidence. The procedure was held consistent with the scheme governing credit on capital goods and removal before installation, and the earlier Tribunal view on intra-assessment-unit movement of capital goods was followed. The disallowance of credit was set aside, and the penalties imposed on both units were also vacated. Case-Laws Central Excise Thu, 26 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260299