https://www.taxtmi.com/forum/issue?id=110561 Sale of a capital good originally cleared under a captive consumption exemption without payment of duty triggers liability to pay excise duty on the transaction value; if CENVAT credit had been taken on the capital goods, an amount equal to the credit reduced by specified quarterly percentages must be paid on removal after use, but if that amount is less than the duty on transaction value, the duty on transaction value governs. en-us Thu, 23 Jun 2016 18:47:53 +0530 Thu, 23 Jan 2025 15:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110561 Sale of a capital good originally cleared under a captive consumption exemption without payment of duty triggers liability to pay excise duty on the transaction value; if CENVAT credit had been taken on the capital goods, an amount equal to the credit reduced by specified quarterly percentages must be paid on removal after use, but if that amount is less than the duty on transaction value, the duty on transaction value governs. Discussion-Forum Central Excise Thu, 23 Jun 2016 18:47:53 +0530 https://www.taxtmi.com/forum/issue?id=110561