https://www.taxtmi.com/caselaws?id=205422 The Tribunal upheld the department's demand for the reversal of CENVAT credit on the removal of used capital goods by the appellants, ruling that the failure to reverse the credit constituted a violation of the rules. The Tribunal emphasized that the term "as such" encompassed both used and unused capital goods, as clarified in a previous decision. The appellants' arguments citing prior judicial decisions were deemed irrelevant or inapplicable, leading to the dismissal of their appeals and affirming the department's position on the reversal, interest, and penalty. en-us Thu, 16 Dec 2010 00:00:00 +0530 Thu, 25 Aug 2011 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205422 The Tribunal upheld the department's demand for the reversal of CENVAT credit on the removal of used capital goods by the appellants, ruling that the failure to reverse the credit constituted a violation of the rules. The Tribunal emphasized that the term "as such" encompassed both used and unused capital goods, as clarified in a previous decision. The appellants' arguments citing prior judicial decisions were deemed irrelevant or inapplicable, leading to the dismissal of their appeals and affirming the department's position on the reversal, interest, and penalty. Case-Laws Central Excise Thu, 16 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205422