https://www.taxtmi.com/caselaws?id=360722 The Tribunal allowed the appeal, setting aside the duty, interest, and penalty imposed on the manufacturer of industrial gases for allegedly not paying duty on sold damaged capital goods and scrap. The Tribunal found the show cause notice presumptive and not maintainable as the appellant proved no Cenvat credit was availed on the scrapped plant. It was determined that no reversal of Cenvat credit was required due to the depreciated value of the capital goods being nil after over 10 years, granting the appellant consequential benefits in accordance with the law. en-us Mon, 20 Nov 2017 00:00:00 +0530 Tue, 22 May 2018 08:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360722 The Tribunal allowed the appeal, setting aside the duty, interest, and penalty imposed on the manufacturer of industrial gases for allegedly not paying duty on sold damaged capital goods and scrap. The Tribunal found the show cause notice presumptive and not maintainable as the appellant proved no Cenvat credit was availed on the scrapped plant. It was determined that no reversal of Cenvat credit was required due to the depreciated value of the capital goods being nil after over 10 years, granting the appellant consequential benefits in accordance with the law. Case-Laws Central Excise Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360722