https://www.taxtmi.com/forum/issue?id=110342 Cenvat credit reversal on disposal of capital goods requires payment equal to the CENVAT credit taken reduced by quarterly straight line percentages; if that calculated amount is less than the duty leviable on transaction value, the duty on transaction value must be paid. Clearance as waste or scrap mandates payment equal to the duty on transaction value. Cenvat credit covers both countervailing duty and special additional duty, and both must be reversed when capital goods are removed unless duty on transaction value is paid. en-us Wed, 11 May 2016 17:29:15 +0530 Thu, 23 Jan 2025 15:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110342 Cenvat credit reversal on disposal of capital goods requires payment equal to the CENVAT credit taken reduced by quarterly straight line percentages; if that calculated amount is less than the duty leviable on transaction value, the duty on transaction value must be paid. Clearance as waste or scrap mandates payment equal to the duty on transaction value. Cenvat credit covers both countervailing duty and special additional duty, and both must be reversed when capital goods are removed unless duty on transaction value is paid. Discussion-Forum Central Excise Wed, 11 May 2016 17:29:15 +0530 https://www.taxtmi.com/forum/issue?id=110342