https://www.taxtmi.com/caselaws?id=185290 The Tribunal held that the appellant was not required to reverse the entire Cenvat credit on the removal of used capital goods, clarifying that Rule 3(5) of the Cenvat Credit Rules applies to the removal of capital goods 'as such'. Precedents were cited to support this interpretation, and it was established that the requirement to reverse the entire credit is only applicable in cases of removal of capital goods 'as such'. The Tribunal directed the calculation of the depreciated value of the capital goods based on a prescribed method and remanded the matter for further determination, ultimately disposing of the appeal without imposing any penalties. en-us Wed, 30 Apr 2014 00:00:00 +0530 Mon, 08 Aug 2016 14:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185290 The Tribunal held that the appellant was not required to reverse the entire Cenvat credit on the removal of used capital goods, clarifying that Rule 3(5) of the Cenvat Credit Rules applies to the removal of capital goods 'as such'. Precedents were cited to support this interpretation, and it was established that the requirement to reverse the entire credit is only applicable in cases of removal of capital goods 'as such'. The Tribunal directed the calculation of the depreciated value of the capital goods based on a prescribed method and remanded the matter for further determination, ultimately disposing of the appeal without imposing any penalties. Case-Laws Central Excise Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185290