https://www.taxtmi.com/forum/issue?id=3039 Notification No. 39/2007-Central Excise (N.T.) continues to require periodic reversal of Cenvat credit upon removal of capital goods after use, obliging taxpayers to reverse credit apportioned on a quarterly basis and to pay excise duty on the transaction value of the capital goods on removal, with administrative clarification that this duty liability applies even after extended periods of use. en-us Sun, 29 May 2011 09:56:28 +0530 Thu, 23 Jan 2025 15:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3039 Notification No. 39/2007-Central Excise (N.T.) continues to require periodic reversal of Cenvat credit upon removal of capital goods after use, obliging taxpayers to reverse credit apportioned on a quarterly basis and to pay excise duty on the transaction value of the capital goods on removal, with administrative clarification that this duty liability applies even after extended periods of use. Discussion-Forum Central Excise Sun, 29 May 2011 09:56:28 +0530 https://www.taxtmi.com/forum/issue?id=3039