https://www.taxtmi.com/notifications?id=115938 Substitution of sub rule (5A) requires payment where capital goods on which CENVAT credit was taken are removed after use, calculated by straight line quarterly percentage reductions from the date credit was taken: computers and peripherals at 10% per quarter (first year), 8% (second), 5% (third) and 1% (each quarter of fourth and fifth years); other capital goods at 2.5% per quarter. If the computed amount is less than duty on transaction value, duty on transaction value is payable. Clearance as waste or scrap mandates payment equal to duty on transaction value. en-us Fri, 27 Sep 2013 00:00:00 +0530 Fri, 04 Oct 2013 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=115938 Substitution of sub rule (5A) requires payment where capital goods on which CENVAT credit was taken are removed after use, calculated by straight line quarterly percentage reductions from the date credit was taken: computers and peripherals at 10% per quarter (first year), 8% (second), 5% (third) and 1% (each quarter of fourth and fifth years); other capital goods at 2.5% per quarter. If the computed amount is less than duty on transaction value, duty on transaction value is payable. Clearance as waste or scrap mandates payment equal to duty on transaction value. Notifications Central Excise Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=115938