https://www.taxtmi.com/caselaws?id=429447 The Tribunal held that the transfer of a power plant on a slump sale basis without physical removal of capital goods does not attract Rule 3(5A) of the Cenvat Credit Rules, as "removal" entails physical movement. Since there was no removal of capital goods, no duty was payable, and penalties imposed on the appellant company and its Chairman were set aside. The extended period of limitation for issuing the show cause notice was deemed unjustified, and the appellant was entitled to consequential benefits. en-us Thu, 20 Oct 2022 00:00:00 +0530 Sat, 29 Oct 2022 09:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429447 The Tribunal held that the transfer of a power plant on a slump sale basis without physical removal of capital goods does not attract Rule 3(5A) of the Cenvat Credit Rules, as "removal" entails physical movement. Since there was no removal of capital goods, no duty was payable, and penalties imposed on the appellant company and its Chairman were set aside. The extended period of limitation for issuing the show cause notice was deemed unjustified, and the appellant was entitled to consequential benefits. Case-Laws Central Excise Thu, 20 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429447