https://www.taxtmi.com/forum/issue?id=3974 When capital goods on which CENVAT credit was availed are removed from the factory, the manufacturer must pay an amount equal to the credit availed, reduced by prescribed straight-line quarterly depreciation rates; after prolonged use the cumulative reduction may eliminate the payable adjustment. The transfer must be made under the prescribed invoice, and the transferor bears the burden of proving the goods' age to claim reduced liability. en-us Thu, 29 Mar 2012 17:44:09 +0530 Thu, 23 Jan 2025 15:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3974 When capital goods on which CENVAT credit was availed are removed from the factory, the manufacturer must pay an amount equal to the credit availed, reduced by prescribed straight-line quarterly depreciation rates; after prolonged use the cumulative reduction may eliminate the payable adjustment. The transfer must be made under the prescribed invoice, and the transferor bears the burden of proving the goods' age to claim reduced liability. Discussion-Forum Central Excise Thu, 29 Mar 2012 17:44:09 +0530 https://www.taxtmi.com/forum/issue?id=3974