https://www.taxtmi.com/caselaws?id=166975 On removal of capital goods after use, duty is payable on the transaction value, and the Cenvat credit reversal provisions under Rule 3(4) of the 2002 Rules and Rule 3(5) of the 2004/2005 Rules are not attracted. The analysis follows Tribunal precedent, including the later Mumbai Bench view affirmed by the Bombay High Court, which supported the same interpretation. On that basis, the duty demand on the used capital goods was treated as not sustainable, and the Revenue's appeal failed. en-us Tue, 12 Oct 2010 00:00:00 +0530 Thu, 20 Nov 2014 16:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166975 On removal of capital goods after use, duty is payable on the transaction value, and the Cenvat credit reversal provisions under Rule 3(4) of the 2002 Rules and Rule 3(5) of the 2004/2005 Rules are not attracted. The analysis follows Tribunal precedent, including the later Mumbai Bench view affirmed by the Bombay High Court, which supported the same interpretation. On that basis, the duty demand on the used capital goods was treated as not sustainable, and the Revenue's appeal failed. Case-Laws Central Excise Tue, 12 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166975