https://www.taxtmi.com/caselaws?id=425098 The tribunal allowed the appeal, setting aside the demand for differential duty on capital goods cleared after depreciation. It held that the appellant's method of reversing credit based on depreciated value was correct, there was no suppression of facts, and the concept of revenue neutrality applied. The tribunal found the interest and penalty imposed by the Commissioner unjustified due to the lack of evidence of intent to evade duty. The decision was based on a detailed analysis of legal provisions and case laws, emphasizing the lack of proof of credit taken on the capital goods in question. en-us Thu, 14 Jul 2022 00:00:00 +0530 Wed, 29 Mar 2023 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425098 The tribunal allowed the appeal, setting aside the demand for differential duty on capital goods cleared after depreciation. It held that the appellant's method of reversing credit based on depreciated value was correct, there was no suppression of facts, and the concept of revenue neutrality applied. The tribunal found the interest and penalty imposed by the Commissioner unjustified due to the lack of evidence of intent to evade duty. The decision was based on a detailed analysis of legal provisions and case laws, emphasizing the lack of proof of credit taken on the capital goods in question. Case-Laws Central Excise Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425098