https://www.taxtmi.com/caselaws?id=211847 Cenvat credit on clearance of used capital goods need not be reversed in full where Rule 3(5) of the Cenvat Credit Rules, 2004 contains no express prescription for such removals during the relevant period. The requirement to reverse credit on removal of inputs or capital goods "as such" does not extend to capital goods cleared after substantial use. Reversal calculated on the transaction value realised from sale of the used capital goods is sufficient, rather than reversal of the entire credit originally availed. en-us Fri, 03 Feb 2012 00:00:00 +0530 Fri, 06 Apr 2012 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211847 Cenvat credit on clearance of used capital goods need not be reversed in full where Rule 3(5) of the Cenvat Credit Rules, 2004 contains no express prescription for such removals during the relevant period. The requirement to reverse credit on removal of inputs or capital goods "as such" does not extend to capital goods cleared after substantial use. Reversal calculated on the transaction value realised from sale of the used capital goods is sufficient, rather than reversal of the entire credit originally availed. Case-Laws Central Excise Fri, 03 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211847