https://www.taxtmi.com/forum/issue?id=107108 Under Rule 3(5A) of the CENVAT Credit Rules, 2004, removal of capital goods on which CENVAT credit was taken requires payment equal to the credit taken less a straight-line quarterly depreciation apportioned from the date of credit; different quarterly reduction rates apply to computers and peripherals versus other capital goods, and the calculated amount shall not be less than the duty leviable on transaction value. Clearance as waste or scrap requires payment equal to duty on transaction value. en-us Thu, 31 Jul 2014 15:32:04 +0530 Thu, 23 Jan 2025 15:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107108 Under Rule 3(5A) of the CENVAT Credit Rules, 2004, removal of capital goods on which CENVAT credit was taken requires payment equal to the credit taken less a straight-line quarterly depreciation apportioned from the date of credit; different quarterly reduction rates apply to computers and peripherals versus other capital goods, and the calculated amount shall not be less than the duty leviable on transaction value. Clearance as waste or scrap requires payment equal to duty on transaction value. Discussion-Forum Central Excise Thu, 31 Jul 2014 15:32:04 +0530 https://www.taxtmi.com/forum/issue?id=107108