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Central Excise - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Cenvat credit - reversal of credit on removal of capital goods - ...


Company Faces Penalty for Delayed Notification of Auto Coner Transfer; Cenvat Credit Reversal Ordered.

August 28, 2017

Case Laws     Central Excise     AT

Cenvat credit - reversal of credit on removal of capital goods - Penalty - The fact of removal of one Auto Coner to Guna Plant, which took place within 2 days of taking credit, was not brought to the notice of the Central Excise Authorities and it was detected only during the course of audit - demand with penalty confirmed.

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