https://www.taxtmi.com/caselaws?id=123283 Sale of used CENVAT availed capital goods was treated as not attracting further duty on the facts, where the machinery had been used for about five years, sold to independent buyers, and duty had already been paid on the transaction value. The analysis also noted that the amended Rule 3(5) under Notification No. 39/07-N.T. provided a quarterly deduction formula for reversal, but the amount already paid exceeded the credit amount indicated by that formula. On that basis, no additional reversal of credit was required beyond the duty already discharged. en-us Fri, 11 Jan 2008 00:00:00 +0530 Thu, 14 Sep 2017 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123283 Sale of used CENVAT availed capital goods was treated as not attracting further duty on the facts, where the machinery had been used for about five years, sold to independent buyers, and duty had already been paid on the transaction value. The analysis also noted that the amended Rule 3(5) under Notification No. 39/07-N.T. provided a quarterly deduction formula for reversal, but the amount already paid exceeded the credit amount indicated by that formula. On that basis, no additional reversal of credit was required beyond the duty already discharged. Case-Laws Central Excise Fri, 11 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123283