https://www.taxtmi.com/caselaws?id=285295 The court ruled in favor of the appellant, allowing them to retain the CENVAT credit for inputs transferred to a Special Economic Zone (SEZ). The judgment emphasized the primacy of the SEZ Act in granting exemptions and cited circulars supporting the appellant's position that such transfers are akin to exports. Consequently, the demand for credit reversal, interest, and penalty was deemed unsustainable, and the Appellate Tribunal's orders were set aside. en-us Wed, 27 Mar 2019 00:00:00 +0530 Mon, 06 Jan 2020 20:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285295 The court ruled in favor of the appellant, allowing them to retain the CENVAT credit for inputs transferred to a Special Economic Zone (SEZ). The judgment emphasized the primacy of the SEZ Act in granting exemptions and cited circulars supporting the appellant's position that such transfers are akin to exports. Consequently, the demand for credit reversal, interest, and penalty was deemed unsustainable, and the Appellate Tribunal's orders were set aside. Case-Laws Central Excise Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285295