https://www.taxtmi.com/article/detailed?id=700 The amendment to the CENVAT Credit Rules requires repayment of CENVAT credit when capital goods are removed after use, reduced by depreciation computed by the straight line method on a quarterly basis. Capital goods are classified into computers and peripherals, which follow a five year SLM schedule exhausting the original cost, and other capital goods, which follow a uniform lower quarterly rate over a longer term. The amendment clarifies that SLM governs the reduction and resolves prior audit disputes over depreciation methodology. en-us Sat, 27 Feb 2010 19:18:44 +0530 Wed, 03 Mar 2010 12:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=700 The amendment to the CENVAT Credit Rules requires repayment of CENVAT credit when capital goods are removed after use, reduced by depreciation computed by the straight line method on a quarterly basis. Capital goods are classified into computers and peripherals, which follow a five year SLM schedule exhausting the original cost, and other capital goods, which follow a uniform lower quarterly rate over a longer term. The amendment clarifies that SLM governs the reduction and resolves prior audit disputes over depreciation methodology. Articles Central Excise Sat, 27 Feb 2010 19:18:44 +0530 https://www.taxtmi.com/article/detailed?id=700