https://www.taxtmi.com/caselaws?id=266915 CENVAT credit on imported capital goods need not be reversed when the goods are later re-exported under bond without payment of duty. The analysis relies on a Board circular stating that exports under bond attract nil excise duty and that such removal for export is not barred by the relevant explanation to Rule 57AB(1)(b). It also follows earlier tribunal decisions holding that capital goods exported without duty do not trigger reversal of credit, including where the goods are re-exported after credit has been taken. en-us Tue, 04 Aug 2015 00:00:00 +0530 Tue, 27 Oct 2015 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266915 CENVAT credit on imported capital goods need not be reversed when the goods are later re-exported under bond without payment of duty. The analysis relies on a Board circular stating that exports under bond attract nil excise duty and that such removal for export is not barred by the relevant explanation to Rule 57AB(1)(b). It also follows earlier tribunal decisions holding that capital goods exported without duty do not trigger reversal of credit, including where the goods are re-exported after credit has been taken. Case-Laws Central Excise Tue, 04 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266915