https://www.taxtmi.com/forum/issue?id=110129 Under Rule 3(5A) of the Cenvat Credit Rules, 2004, removal of capital goods used by a manufacturer after taking CENVAT credit requires payment equal to credit taken reduced by 2.5% per quarter; after ten years the reversal becomes nil. However, the proviso makes duty payable equal to duty leviable on the transaction value if the calculated amount is less than that duty. Thus invoicing used capital goods for transfer between units can attract duty on declared transaction value, although the receiving unit may claim credit for such duty. en-us Sat, 02 Apr 2016 14:06:11 +0530 Thu, 23 Jan 2025 15:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110129 Under Rule 3(5A) of the Cenvat Credit Rules, 2004, removal of capital goods used by a manufacturer after taking CENVAT credit requires payment equal to credit taken reduced by 2.5% per quarter; after ten years the reversal becomes nil. However, the proviso makes duty payable equal to duty leviable on the transaction value if the calculated amount is less than that duty. Thus invoicing used capital goods for transfer between units can attract duty on declared transaction value, although the receiving unit may claim credit for such duty. Discussion-Forum Central Excise Sat, 02 Apr 2016 14:06:11 +0530 https://www.taxtmi.com/forum/issue?id=110129