https://www.taxtmi.com/highlights?id=58115 Reversal of CENVAT Credit - Capital Goods - Lease back of sold out capital goods - Deemed removal of goods from the factory premises of the petitioner - core contention of the petitioner's counsel is that the Central Excise Act does not contemplate any deemed removal - The order impugned in the writ petition is quashed. The matter is remitted to the file of the respondent. The respondent will bear in mind the Circular No. 1063/2/2018-CX - HC en-us Wed, 26 May 2021 11:25:52 +0530 Wed, 26 May 2021 11:25:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58115 Reversal of CENVAT Credit - Capital Goods - Lease back of sold out capital goods - Deemed removal of goods from the factory premises of the petitioner - core contention of the petitioner's counsel is that the Central Excise Act does not contemplate any deemed removal - The order impugned in the writ petition is quashed. The matter is remitted to the file of the respondent. The respondent will bear in mind the Circular No. 1063/2/2018-CX - HC Highlights Central Excise Wed, 26 May 2021 11:25:52 +0530 https://www.taxtmi.com/highlights?id=58115