https://www.taxtmi.com/caselaws?id=325900 Full Cenvat credit on old and used capital goods received from a sister unit was not available where the prescribed scheme required compliance with the capital goods credit conditions, and Rule 10 of the Cenvat Credit Rules, 2004 did not apply to such an arrangement; the wrongful availment of credit was therefore sustained. However, where the assessee reversed the credit with interest before issuance of the show cause notice, Section 11A(2B) barred the notice for the duty so paid, and the separate penalties on the assessee and its officer could not survive; the penal portion was set aside. en-us Tue, 01 Sep 2015 00:00:00 +0530 Mon, 09 May 2016 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325900 Full Cenvat credit on old and used capital goods received from a sister unit was not available where the prescribed scheme required compliance with the capital goods credit conditions, and Rule 10 of the Cenvat Credit Rules, 2004 did not apply to such an arrangement; the wrongful availment of credit was therefore sustained. However, where the assessee reversed the credit with interest before issuance of the show cause notice, Section 11A(2B) barred the notice for the duty so paid, and the separate penalties on the assessee and its officer could not survive; the penal portion was set aside. Case-Laws Central Excise Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325900