Appellate Tribunal rules used capital goods pre-13.11.2007 not subject to CENVAT credit reversal.

The Appellate Tribunal CESTAT, Chennai ruled in favor of the appellant, stating that used capital goods cleared before 13.11.2007 are not subject to reversing CENVAT credit. This decision was based on a precedent set by the Punjab and Haryana High Court.

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The Appellate Tribunal CESTAT, Chennai allowed the appeal stating that used capital goods cleared prior to 13.11.2007 are not required to reverse CENVAT credit. The decision was supported by a judgment of the Punjab and Haryana High Court.

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