https://www.taxtmi.com/caselaws?id=240851 Used capital goods removed after use were not treated as goods removed as such for full Cenvat credit reversal. The Tribunal held that, for the relevant period, the scheme allowed proportionate reduction based on period of use, drawing support from the earlier Rule 57S framework, the Board circular, and the later amendment expressly recognising a 2.5% per quarter reduction. Full reversal of the credit taken on receipt was therefore not required, and depreciation at 2.5% per quarter with corresponding reversal was permissible. en-us Wed, 13 Nov 2013 00:00:00 +0530 Fri, 13 Dec 2013 07:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240851 Used capital goods removed after use were not treated as goods removed as such for full Cenvat credit reversal. The Tribunal held that, for the relevant period, the scheme allowed proportionate reduction based on period of use, drawing support from the earlier Rule 57S framework, the Board circular, and the later amendment expressly recognising a 2.5% per quarter reduction. Full reversal of the credit taken on receipt was therefore not required, and depreciation at 2.5% per quarter with corresponding reversal was permissible. Case-Laws Central Excise Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240851