https://www.taxtmi.com/caselaws?id=348678 The Tribunal upheld the demand for CENVAT Credit repayment with interest but set aside the penalty under Section 11AC imposed on the appellant for transferring capital goods to a sister unit. The Tribunal found no evidence of fraud or collusion in the transfer, citing a precedent that penalties under Section 11AC cannot be imposed in cases of transfer for job work. The appeal was partially allowed, with the penalty deemed unjustified in the context of inter-unit transfer. en-us Wed, 26 Apr 2017 00:00:00 +0530 Wed, 27 Sep 2017 09:12:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348678 The Tribunal upheld the demand for CENVAT Credit repayment with interest but set aside the penalty under Section 11AC imposed on the appellant for transferring capital goods to a sister unit. The Tribunal found no evidence of fraud or collusion in the transfer, citing a precedent that penalties under Section 11AC cannot be imposed in cases of transfer for job work. The appeal was partially allowed, with the penalty deemed unjustified in the context of inter-unit transfer. Case-Laws Central Excise Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348678