https://www.taxtmi.com/caselaws?id=124078 Capital goods cleared after use were treated as not removed "as such" under Rule 3(4) of the Cenvat Credit Rules, 2002, so full reversal of the credit originally taken was not required; duty was to be worked out on the depreciated value in line with the circulars relied on. Capital goods transferred along with the factory, without physical removal, were treated as a change in ownership rather than a removal from the factory, so no full credit reversal arose on that basis. Inputs used and later cleared after deterioration were subject to duty on the reduced value, and that duty computation was upheld as correct. en-us Mon, 12 Nov 2007 00:00:00 +0530 Tue, 25 Sep 2012 13:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124078 Capital goods cleared after use were treated as not removed "as such" under Rule 3(4) of the Cenvat Credit Rules, 2002, so full reversal of the credit originally taken was not required; duty was to be worked out on the depreciated value in line with the circulars relied on. Capital goods transferred along with the factory, without physical removal, were treated as a change in ownership rather than a removal from the factory, so no full credit reversal arose on that basis. Inputs used and later cleared after deterioration were subject to duty on the reduced value, and that duty computation was upheld as correct. Case-Laws Central Excise Mon, 12 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124078