https://www.taxtmi.com/caselaws?id=407925 The HC quashed the impugned order against the petitioner, who challenged the reversal of credit on sold capital goods, emphasizing that excise duty applies only upon physical removal of goods. The court ruled that the adjudicating authority failed to adhere to binding legal precedents and directed reconsideration in accordance with the relevant Circular. en-us Mon, 29 Mar 2021 00:00:00 +0530 Sat, 26 Oct 2024 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407925 The HC quashed the impugned order against the petitioner, who challenged the reversal of credit on sold capital goods, emphasizing that excise duty applies only upon physical removal of goods. The court ruled that the adjudicating authority failed to adhere to binding legal precedents and directed reconsideration in accordance with the relevant Circular. Case-Laws Central Excise Mon, 29 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407925