https://www.taxtmi.com/caselaws?id=48448 Cenvat credit on goods transferred between units of the same assessee was treated as not disallowable where the transaction was revenue neutral and the differential duty was paid promptly after departmental detection. The record did not establish fraud, suppression of facts, or intent to evade duty, so the penal and interest consequences did not survive. On that basis, the restriction under Rule 7(1)(b) of the Cenvat Credit Rules, 2002 was considered inapplicable to the stock transfer situation, and the credit was retained while penalty and interest were set aside. en-us Tue, 26 Feb 2008 00:00:00 +0530 Mon, 11 Sep 2017 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48448 Cenvat credit on goods transferred between units of the same assessee was treated as not disallowable where the transaction was revenue neutral and the differential duty was paid promptly after departmental detection. The record did not establish fraud, suppression of facts, or intent to evade duty, so the penal and interest consequences did not survive. On that basis, the restriction under Rule 7(1)(b) of the Cenvat Credit Rules, 2002 was considered inapplicable to the stock transfer situation, and the credit was retained while penalty and interest were set aside. Case-Laws Central Excise Tue, 26 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48448