https://www.taxtmi.com/forum/issue?id=3591 CENVAT reversal applies when capital goods on which credit was taken are removed: the seller must repay the CENVAT credit reduced by prescribed quarterly depreciation computed by the straight line method under Rule 3(5) of the Cenvat Credit Rules, 2004; computers and peripherals have different quarterly reductions while other capital goods follow the standard quarterly reduction. If CENVAT credit was not taken on the machinery, no reversal is required. en-us Thu, 24 Nov 2011 13:21:55 +0530 Thu, 23 Jan 2025 15:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3591 CENVAT reversal applies when capital goods on which credit was taken are removed: the seller must repay the CENVAT credit reduced by prescribed quarterly depreciation computed by the straight line method under Rule 3(5) of the Cenvat Credit Rules, 2004; computers and peripherals have different quarterly reductions while other capital goods follow the standard quarterly reduction. If CENVAT credit was not taken on the machinery, no reversal is required. Discussion-Forum Central Excise Thu, 24 Nov 2011 13:21:55 +0530 https://www.taxtmi.com/forum/issue?id=3591