https://www.taxtmi.com/caselaws?id=264848 The case involved a dispute regarding the removal of capital goods to a sister concern and the applicable depreciation method for duty calculation. The High Court remanded the matter back to the Tribunal for further consideration based on relevant circulars and legal provisions. The Tribunal held the respondents liable to pay the differential duty based on the depreciation method prescribed in Board circulars, emphasizing consistency and adherence to established guidelines. The Tribunal confirmed the duty demand and interest but waived the penalty, considering the facts and circumstances of the case, to uphold duty liability while mitigating the penalty imposition. en-us Fri, 19 Dec 2014 00:00:00 +0530 Sun, 04 Oct 2015 12:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264848 The case involved a dispute regarding the removal of capital goods to a sister concern and the applicable depreciation method for duty calculation. The High Court remanded the matter back to the Tribunal for further consideration based on relevant circulars and legal provisions. The Tribunal held the respondents liable to pay the differential duty based on the depreciation method prescribed in Board circulars, emphasizing consistency and adherence to established guidelines. The Tribunal confirmed the duty demand and interest but waived the penalty, considering the facts and circumstances of the case, to uphold duty liability while mitigating the penalty imposition. Case-Laws Central Excise Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264848