https://www.taxtmi.com/caselaws?id=123892 Used capital goods sold after long use were held not to fall within Rule 3(4) of the Cenvat Credit Rules, because that provision applies to capital goods removed as such. The Tribunal followed its earlier decisions and treated the later amendment relied upon by the Revenue as prospective only, with no application to the relevant period. On that basis, the demand based on adopting installation value instead of transaction value on sale was not sustainable, and no reversal of Cenvat credit or duty liability arose on the sale of the used capital goods. en-us Mon, 04 Feb 2008 00:00:00 +0530 Fri, 21 Sep 2012 16:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123892 Used capital goods sold after long use were held not to fall within Rule 3(4) of the Cenvat Credit Rules, because that provision applies to capital goods removed as such. The Tribunal followed its earlier decisions and treated the later amendment relied upon by the Revenue as prospective only, with no application to the relevant period. On that basis, the demand based on adopting installation value instead of transaction value on sale was not sustainable, and no reversal of Cenvat credit or duty liability arose on the sale of the used capital goods. Case-Laws Central Excise Mon, 04 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123892