https://www.taxtmi.com/forum/issue?id=1630 Where capital goods on which CENVAT credit has been taken are removed after being used, the manufacturer or provider or output service must pay an amount equal to the CENVAT credit taken on those capital goods, reduced by a prescribed rate for each quarter or part thereof from the date of taking the CENVAT credit, and valuation by merely applying current duty to the written down value is not the correct discharge of that obligation. en-us Mon, 30 Nov 2009 21:55:20 +0530 Thu, 23 Jan 2025 15:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1630 Where capital goods on which CENVAT credit has been taken are removed after being used, the manufacturer or provider or output service must pay an amount equal to the CENVAT credit taken on those capital goods, reduced by a prescribed rate for each quarter or part thereof from the date of taking the CENVAT credit, and valuation by merely applying current duty to the written down value is not the correct discharge of that obligation. Discussion-Forum Central Excise Mon, 30 Nov 2009 21:55:20 +0530 https://www.taxtmi.com/forum/issue?id=1630