https://www.taxtmi.com/forum/issue?id=106507 Cenvat reversal is required from the earlier of the date of availment of CENVAT credit or date of capitalisation. The reversal is calculated by reducing the CENVAT credit by prescribed percentage points on a straight line basis for each quarter or part thereof from the date credit was taken; separate depreciation schedules apply to computers and peripherals and to other capital goods. If the calculated amount is less than the duty on transaction value, the duty on transaction value is payable. Clearance as waste or scrap requires payment equal to duty on transaction value. en-us Sat, 08 Feb 2014 15:13:32 +0530 Thu, 23 Jan 2025 15:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106507 Cenvat reversal is required from the earlier of the date of availment of CENVAT credit or date of capitalisation. The reversal is calculated by reducing the CENVAT credit by prescribed percentage points on a straight line basis for each quarter or part thereof from the date credit was taken; separate depreciation schedules apply to computers and peripherals and to other capital goods. If the calculated amount is less than the duty on transaction value, the duty on transaction value is payable. Clearance as waste or scrap requires payment equal to duty on transaction value. Discussion-Forum Central Excise Sat, 08 Feb 2014 15:13:32 +0530 https://www.taxtmi.com/forum/issue?id=106507