https://www.taxtmi.com/caselaws?id=253548 Removal of used capital goods for central excise valuation turned on the depreciation method to be applied, particularly whether straight line depreciation was relevant and whether the Tribunal could remit the matter on that basis. The High Court found the Tribunal had not properly considered the applicable circular and governing provisions, and had instead directed reassessment by reference to an outdated 1988 circular despite the show cause notice relying on the circular dated 01.07.2002. The remand order was therefore unsustainable and was set aside; the Tribunal was directed to decide the matter afresh in accordance with the relevant circular and legal framework. en-us Wed, 29 Jan 2014 00:00:00 +0530 Thu, 27 Nov 2014 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253548 Removal of used capital goods for central excise valuation turned on the depreciation method to be applied, particularly whether straight line depreciation was relevant and whether the Tribunal could remit the matter on that basis. The High Court found the Tribunal had not properly considered the applicable circular and governing provisions, and had instead directed reassessment by reference to an outdated 1988 circular despite the show cause notice relying on the circular dated 01.07.2002. The remand order was therefore unsustainable and was set aside; the Tribunal was directed to decide the matter afresh in accordance with the relevant circular and legal framework. Case-Laws Central Excise Wed, 29 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253548