https://www.taxtmi.com/article/detailed?id=1886 The substituted Rule requires that where capital goods on which Cenvat credit was taken are removed after use as capital goods or as scrap or waste, the manufacturer or provider of output services must pay an amount equal to the Cenvat credit taken on those capital goods reduced by straight line depreciation computed by quarter according to prescribed category rates, provided that if the calculated amount is less than the duty leviable on transaction value the amount payable shall equal the duty leviable on transaction value. en-us Thu, 13 Sep 2012 09:15:12 +0530 Thu, 13 Sep 2012 09:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1886 The substituted Rule requires that where capital goods on which Cenvat credit was taken are removed after use as capital goods or as scrap or waste, the manufacturer or provider of output services must pay an amount equal to the Cenvat credit taken on those capital goods reduced by straight line depreciation computed by quarter according to prescribed category rates, provided that if the calculated amount is less than the duty leviable on transaction value the amount payable shall equal the duty leviable on transaction value. Articles Cenvat Credit Thu, 13 Sep 2012 09:15:12 +0530 https://www.taxtmi.com/article/detailed?id=1886