https://www.taxtmi.com/caselaws?id=3042 Cenvat credit reversal was not required when fully utilized capital goods were cleared as waste and scrap after exhaustion of their useful life. The text distinguishes scrap generated by mechanical working of metals or in the course of manufacture, which falls within the taxable category, from old machinery or used capital goods removed after use, which do not. It also notes that the Revenue's relied-upon contrary decision was distinguishable on its facts. The assessee's position was therefore accepted. en-us Wed, 03 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3042 Cenvat credit reversal was not required when fully utilized capital goods were cleared as waste and scrap after exhaustion of their useful life. The text distinguishes scrap generated by mechanical working of metals or in the course of manufacture, which falls within the taxable category, from old machinery or used capital goods removed after use, which do not. It also notes that the Revenue's relied-upon contrary decision was distinguishable on its facts. The assessee's position was therefore accepted. Case-Laws Central Excise Wed, 03 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3042