https://www.taxtmi.com/caselaws?id=238208 The Tribunal held that the straight-line method should be used for calculating depreciation on used capital goods for payment under Rule 3(5) of the Cenvat Credit Rules, even for the period before the amendment on 27.02.10. As no specific method was prescribed before the amendment, the Tribunal ruled in favor of the appellant, waiving the pre-deposit requirement and staying the recovery of Cenvat Credit, interest, and penalty. en-us Fri, 16 Aug 2013 00:00:00 +0530 Wed, 03 Sep 2014 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238208 The Tribunal held that the straight-line method should be used for calculating depreciation on used capital goods for payment under Rule 3(5) of the Cenvat Credit Rules, even for the period before the amendment on 27.02.10. As no specific method was prescribed before the amendment, the Tribunal ruled in favor of the appellant, waiving the pre-deposit requirement and staying the recovery of Cenvat Credit, interest, and penalty. Case-Laws Central Excise Fri, 16 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238208