https://www.taxtmi.com/caselaws?id=347464 For excise credit reversal, capital goods are treated as "removed" only when they are physically taken out of the factory premises. Mere sale or transfer of ownership, including transfer by sale or lease of capital goods used in a co-generation plant, does not by itself amount to removal under the relevant credit reversal rule. On that settled interpretation, the deeming fiction for duty reversal is not triggered unless there is actual physical removal, and earlier decisions on transfer of a power plant or division were followed on identical facts. en-us Tue, 29 Aug 2017 00:00:00 +0530 Thu, 23 Nov 2017 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347464 For excise credit reversal, capital goods are treated as "removed" only when they are physically taken out of the factory premises. Mere sale or transfer of ownership, including transfer by sale or lease of capital goods used in a co-generation plant, does not by itself amount to removal under the relevant credit reversal rule. On that settled interpretation, the deeming fiction for duty reversal is not triggered unless there is actual physical removal, and earlier decisions on transfer of a power plant or division were followed on identical facts. Case-Laws Central Excise Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347464