https://www.taxtmi.com/caselaws?id=209498 The High Court upheld the Tribunal's decision setting aside the demand for payment under Section 11(A) of the Central Excise Act, 1944, along with interest and penalty. The dispute centered on the interpretation of Rule 3(5) of the CENVAT Credit Rules, 2004, regarding duty payment on capital goods removed 'as such.' The court ruled in favor of the assessee, finding that duty should be based on the transaction value of used capital goods. The revenue's appeal was dismissed, directing them to challenge the decision before the Apex Court under Section 35(L) of the Act. en-us Thu, 27 Jan 2011 00:00:00 +0530 Wed, 17 Jul 2013 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209498 The High Court upheld the Tribunal's decision setting aside the demand for payment under Section 11(A) of the Central Excise Act, 1944, along with interest and penalty. The dispute centered on the interpretation of Rule 3(5) of the CENVAT Credit Rules, 2004, regarding duty payment on capital goods removed 'as such.' The court ruled in favor of the assessee, finding that duty should be based on the transaction value of used capital goods. The revenue's appeal was dismissed, directing them to challenge the decision before the Apex Court under Section 35(L) of the Act. Case-Laws Central Excise Thu, 27 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209498