https://www.taxtmi.com/forum/issue?id=3955 Amended Rule 3(5) requires that on removal of used capital goods the assessee must pay duty either by reversing Cenvat credit reduced by prescribed depreciation or by paying duty on transaction value, whichever is higher. Reversal of credit on inputs in stock is required only if credit was earlier availed and is attributable to those inputs; if exemption was validly opted and no input credit taken, no reversal on raw material stock arises. en-us Mon, 26 Mar 2012 17:21:44 +0530 Thu, 23 Jan 2025 15:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3955 Amended Rule 3(5) requires that on removal of used capital goods the assessee must pay duty either by reversing Cenvat credit reduced by prescribed depreciation or by paying duty on transaction value, whichever is higher. Reversal of credit on inputs in stock is required only if credit was earlier availed and is attributable to those inputs; if exemption was validly opted and no input credit taken, no reversal on raw material stock arises. Discussion-Forum Central Excise Mon, 26 Mar 2012 17:21:44 +0530 https://www.taxtmi.com/forum/issue?id=3955