https://www.taxtmi.com/forum/issue?id=107373 Removal of capital goods on which CENVAT credit was taken requires payment equal to the credit taken reduced by prescribed straight line quarterly percentages (with different schedules for computers and other capital goods), but if that calculated amount is less than the duty on transaction value the duty on transaction value must be paid; clearance as waste or scrap mandates payment of duty on transaction value. If no CENVAT credit was availed, no statutory reversal is required, though documentary proof may be needed to refute a department demand based on transaction value. en-us Sat, 20 Sep 2014 11:35:00 +0530 Thu, 23 Jan 2025 15:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107373 Removal of capital goods on which CENVAT credit was taken requires payment equal to the credit taken reduced by prescribed straight line quarterly percentages (with different schedules for computers and other capital goods), but if that calculated amount is less than the duty on transaction value the duty on transaction value must be paid; clearance as waste or scrap mandates payment of duty on transaction value. If no CENVAT credit was availed, no statutory reversal is required, though documentary proof may be needed to refute a department demand based on transaction value. Discussion-Forum Central Excise Sat, 20 Sep 2014 11:35:00 +0530 https://www.taxtmi.com/forum/issue?id=107373