CENVAT credit adjustment for removals as such requires payment equal to credit availed rather than valuation-based duty liability. When a manufacturer removes inputs or capital goods as such, the applicable amended CENVAT provision requires payment measured by the credit availed on those goods rather than by the duty leviable on their value; situations governed by the earlier provision before amendment continue to be governed by the valuation and liability rules then in force.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
CENVAT credit adjustment for removals as such requires payment equal to credit availed rather than valuation-based duty liability.
When a manufacturer removes inputs or capital goods as such, the applicable amended CENVAT provision requires payment measured by the credit availed on those goods rather than by the duty leviable on their value; situations governed by the earlier provision before amendment continue to be governed by the valuation and liability rules then in force.
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