https://www.taxtmi.com/caselaws?id=349107 The Tribunal upheld the demand for recovery of Cenvat Credit on transferred Capital Goods without credit reversal, justifying the penalty due to suppressed facts. The appellant's argument that the extended limitation period was inapplicable was rejected. The appellant had transferred goods without informing the department, leading to the penalty imposition. Despite later reversing the credit, the Tribunal supported the extended limitation period and penalty, emphasizing compliance with procedures to prevent penalties and extended limitations when transferring capital goods between registered units. en-us Fri, 04 Aug 2017 00:00:00 +0530 Sat, 07 Oct 2017 08:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349107 The Tribunal upheld the demand for recovery of Cenvat Credit on transferred Capital Goods without credit reversal, justifying the penalty due to suppressed facts. The appellant's argument that the extended limitation period was inapplicable was rejected. The appellant had transferred goods without informing the department, leading to the penalty imposition. Despite later reversing the credit, the Tribunal supported the extended limitation period and penalty, emphasizing compliance with procedures to prevent penalties and extended limitations when transferring capital goods between registered units. Case-Laws Central Excise Fri, 04 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349107