https://www.taxtmi.com/caselaws?id=341118 Used furnace components cleared after more than eight years of captive factory use were treated as retained capital goods, not fresh manufactured goods. On that reasoning, central excise duty was held inapplicable on mere removal after prolonged use, because the goods had not lost their character as used capital goods or been shown to be cleared as such in a manner attracting the levy. The associated confiscation, redemption fine, interest, and penalty were therefore set aside, and the appeal succeeded. en-us Wed, 29 Mar 2017 00:00:00 +0530 Sat, 29 Apr 2017 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341118 Used furnace components cleared after more than eight years of captive factory use were treated as retained capital goods, not fresh manufactured goods. On that reasoning, central excise duty was held inapplicable on mere removal after prolonged use, because the goods had not lost their character as used capital goods or been shown to be cleared as such in a manner attracting the levy. The associated confiscation, redemption fine, interest, and penalty were therefore set aside, and the appeal succeeded. Case-Laws Central Excise Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341118