https://www.taxtmi.com/caselaws?id=239977 Used capital goods cleared from a factory after substantial use were distinguished from goods removed "as such". The applicable CENVAT credit rule, as amended, prescribed a separate method for clearance of used capital goods by reducing the credit taken by a specified percentage for each quarter from the date of availment. The Tribunal noted that High Court decisions had already favoured the assessee on this distinction, and the clearance was therefore not treated as removal "as such" for purposes of reversing the full credit. Interim relief was granted on that basis. en-us Thu, 30 May 2013 00:00:00 +0530 Sun, 24 Nov 2013 08:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239977 Used capital goods cleared from a factory after substantial use were distinguished from goods removed "as such". The applicable CENVAT credit rule, as amended, prescribed a separate method for clearance of used capital goods by reducing the credit taken by a specified percentage for each quarter from the date of availment. The Tribunal noted that High Court decisions had already favoured the assessee on this distinction, and the clearance was therefore not treated as removal "as such" for purposes of reversing the full credit. Interim relief was granted on that basis. Case-Laws Central Excise Thu, 30 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239977