https://www.taxtmi.com/forum/issue?id=109605 Tools manufactured and used by the same manufacturer for producing customer-specific components are captively consumed and not dutiable; if the tool is later returned to the customer, duty is payable on its depreciated value computed under capital goods rules, and the customer cannot take CENVAT credit if the tool will not be used in its own manufacture. Authorities may treat amortisation recoveries for tools as exigible to duty. en-us Thu, 24 Dec 2015 17:13:36 +0530 Thu, 23 Jan 2025 15:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109605 Tools manufactured and used by the same manufacturer for producing customer-specific components are captively consumed and not dutiable; if the tool is later returned to the customer, duty is payable on its depreciated value computed under capital goods rules, and the customer cannot take CENVAT credit if the tool will not be used in its own manufacture. Authorities may treat amortisation recoveries for tools as exigible to duty. Discussion-Forum Central Excise Thu, 24 Dec 2015 17:13:36 +0530 https://www.taxtmi.com/forum/issue?id=109605