2018 (2) TMI 200 - AT - Central Excise

Bubble or independent unit - Revenue alleged that SIL and appellant being one and same, there cannot be grant of capital goods credit to SIL - Held that - The story of Revenue could not be established without leading any evidence. Mere funding is not decisive to say that unit was not in existence when Revenue grated Central Excise registration and manufacture was established - it cannot be said that appellant was not an independent unit - appeal allowed.

Summary

The Appellate Tribunal CESTAT MUMBAI allowed the appeal as Revenue failed to prove that the appellant was not an independent unit despite being funded by another company.