https://www.taxtmi.com/caselaws?id=155291 The Appellate Tribunal CESTAT Chennai waived predeposit of duty of Rs. 2,45,162 confirmed under Rule 3(5) of Cenvat Credit Rules, 2004 for clearances of used capital goods after 10 years, considering depreciation on capital goods over time, leading to reduced or no duty liability. The decision was based on the case of Modernova Plastyles Pvt. Ltd. v. CCE, Raigad. en-us Thu, 19 Nov 2009 00:00:00 +0530 Tue, 03 Sep 2013 10:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155291 The Appellate Tribunal CESTAT Chennai waived predeposit of duty of Rs. 2,45,162 confirmed under Rule 3(5) of Cenvat Credit Rules, 2004 for clearances of used capital goods after 10 years, considering depreciation on capital goods over time, leading to reduced or no duty liability. The decision was based on the case of Modernova Plastyles Pvt. Ltd. v. CCE, Raigad. Case-Laws Central Excise Thu, 19 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155291