https://www.taxtmi.com/forum/issue?id=330 Where a unit closing has inputs, capital goods or packing materials on which cenvat credit was taken, it must either reverse the cenvat credit or pay excise duty under the applicable cenvat provisions when disposing of those items; capital goods used in manufacture may not attract the same reversal as unused inputs, and printed non reusable packing materials require reversal or duty payment rather than automatic scrap value treatment, with sale at transaction value preferred for scrap. en-us Tue, 06 Feb 2007 11:23:34 +0530 Thu, 23 Jan 2025 15:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=330 Where a unit closing has inputs, capital goods or packing materials on which cenvat credit was taken, it must either reverse the cenvat credit or pay excise duty under the applicable cenvat provisions when disposing of those items; capital goods used in manufacture may not attract the same reversal as unused inputs, and printed non reusable packing materials require reversal or duty payment rather than automatic scrap value treatment, with sale at transaction value preferred for scrap. Discussion-Forum Central Excise Tue, 06 Feb 2007 11:23:34 +0530 https://www.taxtmi.com/forum/issue?id=330