https://www.taxtmi.com/caselaws?id=436889 Cenvat credit on imported capital goods was held admissible where the goods remained within the assessee's own manufacturing set-up and were used for manufacture of dutiable final products, even though they were shifted to another unit and the credit was reversed and re-availed. The demand was also held time-barred because the notice was issued more than five years after availment of credit while the relevant facts were already known to the department, making the extended limitation period inapplicable. The impugned demand and penalty were therefore unsustainable and the assessee obtained full relief. en-us Thu, 13 Apr 2023 00:00:00 +0530 Mon, 24 Apr 2023 09:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436889 Cenvat credit on imported capital goods was held admissible where the goods remained within the assessee's own manufacturing set-up and were used for manufacture of dutiable final products, even though they were shifted to another unit and the credit was reversed and re-availed. The demand was also held time-barred because the notice was issued more than five years after availment of credit while the relevant facts were already known to the department, making the extended limitation period inapplicable. The impugned demand and penalty were therefore unsustainable and the assessee obtained full relief. Case-Laws Central Excise Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436889