https://www.taxtmi.com/highlights?id=66242 Reversal of CENVAT Credit - removal of capital goods as such - power plant - Rule 3(5A) of Cenvat Credit Rules, 2004 - The sale of goods or transfer of ownership of the goods from the seller to the buyer, is not the criteria to cast duty liability on the manufacturer/seller of excisable goods. What is important is the physical removal of excisable goods from the factory of the manufacturer. - Both the appellants were not required to reverse the cenvat credit on sale of capital goods, as part of running power plant - AT en-us Sat, 29 Oct 2022 13:04:28 +0530 Sat, 29 Oct 2022 13:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66242 Reversal of CENVAT Credit - removal of capital goods as such - power plant - Rule 3(5A) of Cenvat Credit Rules, 2004 - The sale of goods or transfer of ownership of the goods from the seller to the buyer, is not the criteria to cast duty liability on the manufacturer/seller of excisable goods. What is important is the physical removal of excisable goods from the factory of the manufacturer. - Both the appellants were not required to reverse the cenvat credit on sale of capital goods, as part of running power plant - AT Highlights Central Excise Sat, 29 Oct 2022 13:04:28 +0530 https://www.taxtmi.com/highlights?id=66242