https://www.taxtmi.com/caselaws?id=338450 The Appellate Tribunal CESTAT Chennai stayed the recovery of CENVAT credit and penalties imposed on M/s Schneider Electric Infrastructure Ltd in a case concerning the transfer of 'vacuum circuit breakers' for the manufacture of 'switch gear panels.' The Tribunal noted discrepancies in the transfer of goods and their actual receipt but found that the investigation did not consider potential alternative uses of the goods. Considering the specialized nature of the goods and the minimal risk to revenue, the Tribunal found the balance not entirely in favor of the Revenue, leading to the stay of recovery pending further proceedings. en-us Fri, 22 Jul 2016 00:00:00 +0530 Sat, 04 Feb 2017 10:56:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338450 The Appellate Tribunal CESTAT Chennai stayed the recovery of CENVAT credit and penalties imposed on M/s Schneider Electric Infrastructure Ltd in a case concerning the transfer of 'vacuum circuit breakers' for the manufacture of 'switch gear panels.' The Tribunal noted discrepancies in the transfer of goods and their actual receipt but found that the investigation did not consider potential alternative uses of the goods. Considering the specialized nature of the goods and the minimal risk to revenue, the Tribunal found the balance not entirely in favor of the Revenue, leading to the stay of recovery pending further proceedings. Case-Laws Central Excise Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338450