https://www.taxtmi.com/forum/issue?id=3918 Reversal of CENVAT credit is required on disposal of capital goods and should be effected by a proportionate reversal reflecting use since acquisition; the described guidance applies a quarterly depreciation deduction to the availed credit to compute the amount to be set off against duty on disposal. en-us Mon, 19 Mar 2012 08:50:11 +0530 Thu, 23 Jan 2025 15:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3918 Reversal of CENVAT credit is required on disposal of capital goods and should be effected by a proportionate reversal reflecting use since acquisition; the described guidance applies a quarterly depreciation deduction to the availed credit to compute the amount to be set off against duty on disposal. Discussion-Forum Central Excise Mon, 19 Mar 2012 08:50:11 +0530 https://www.taxtmi.com/forum/issue?id=3918