https://www.taxtmi.com/caselaws?id=207824 The Tribunal ruled in favor of the appellant, a manufacturer of motor vehicle parts, in a case concerning the payment of duty on disposed used capital goods (D.G. Sets). The dispute centered on the interpretation of Rule 3(5) of the Cenvat Credit Rules, 2004. The Department demanded payment equal to the Cenvat credit originally taken on the disposed goods, but the Tribunal, referencing a previous decision, held that duty should only be paid on the transaction value at the time of disposal. Consequently, the appellant's appeal against the demand for the original Cenvat credit payment was allowed. en-us Thu, 03 Feb 2011 00:00:00 +0530 Sat, 19 Nov 2011 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207824 The Tribunal ruled in favor of the appellant, a manufacturer of motor vehicle parts, in a case concerning the payment of duty on disposed used capital goods (D.G. Sets). The dispute centered on the interpretation of Rule 3(5) of the Cenvat Credit Rules, 2004. The Department demanded payment equal to the Cenvat credit originally taken on the disposed goods, but the Tribunal, referencing a previous decision, held that duty should only be paid on the transaction value at the time of disposal. Consequently, the appellant's appeal against the demand for the original Cenvat credit payment was allowed. Case-Laws Central Excise Thu, 03 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207824