https://www.taxtmi.com/caselaws?id=356740 The Tribunal allowed the assessee's appeal and dismissed the department's appeal in a case involving the alleged violation of Rule 3(5) of CENVAT Credit Rules. The Tribunal found that no physical transfer of capital goods occurred as the appellants had merely bifurcated a single unit into two, leading to a revenue-neutral situation due to the subsequent merger of units. The original order demanding credit reversal was deemed unsustainable, and remanding the matter was considered futile, resulting in the maintenance of revenue neutrality and the dismissal of the department's appeal. en-us Thu, 04 Jan 2018 00:00:00 +0530 Mon, 04 Mar 2019 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356740 The Tribunal allowed the assessee's appeal and dismissed the department's appeal in a case involving the alleged violation of Rule 3(5) of CENVAT Credit Rules. The Tribunal found that no physical transfer of capital goods occurred as the appellants had merely bifurcated a single unit into two, leading to a revenue-neutral situation due to the subsequent merger of units. The original order demanding credit reversal was deemed unsustainable, and remanding the matter was considered futile, resulting in the maintenance of revenue neutrality and the dismissal of the department's appeal. Case-Laws Central Excise Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356740