https://www.taxtmi.com/caselaws?id=54238 Mere transfer of a factory unit to a separate entity, without physical removal of capital goods, inputs, or finished goods from the premises, did not amount to removal for Cenvat credit purposes, so reversal of credit was not required. The same reasoning applied to duty recovery under the Central Excise Act: change in ownership or possession alone did not justify immediate duty demand on stock lying in the factory when the goods remained in situ and were cleared later on payment of duty. The demand on that basis was therefore unsustainable. en-us Thu, 26 May 2005 00:00:00 +0530 Thu, 02 May 2024 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54238 Mere transfer of a factory unit to a separate entity, without physical removal of capital goods, inputs, or finished goods from the premises, did not amount to removal for Cenvat credit purposes, so reversal of credit was not required. The same reasoning applied to duty recovery under the Central Excise Act: change in ownership or possession alone did not justify immediate duty demand on stock lying in the factory when the goods remained in situ and were cleared later on payment of duty. The demand on that basis was therefore unsustainable. Case-Laws Central Excise Thu, 26 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54238