https://www.taxtmi.com/forum/issue?id=109537 Sale of a modified used capital good taken as input with cenvat credit must be treated as a new product for excise purposes; full Central Excise duty is payable on the transaction value, and valuation must not be reduced because the machine was old. The respondent indicates procedures under Rule 16A, 16B and 16C of the Central Excise Rules, 2002 were not followed and warns of possible audit objections. en-us Tue, 15 Dec 2015 13:28:04 +0530 Thu, 23 Jan 2025 15:56:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109537 Sale of a modified used capital good taken as input with cenvat credit must be treated as a new product for excise purposes; full Central Excise duty is payable on the transaction value, and valuation must not be reduced because the machine was old. The respondent indicates procedures under Rule 16A, 16B and 16C of the Central Excise Rules, 2002 were not followed and warns of possible audit objections. Discussion-Forum Central Excise Tue, 15 Dec 2015 13:28:04 +0530 https://www.taxtmi.com/forum/issue?id=109537