https://www.taxtmi.com/caselaws?id=332628 The case involved a dispute over the reversal of cenvat credit on the sale of used capital goods after a period of use. The Tribunal ruled that upon clearance of used capital goods, the assessee was required to pay duty on the transaction value instead of reversing the entire modvat credit originally availed. Citing various precedents, including decisions from the Bombay and Madras High Courts, the Tribunal concluded that the Revenue's position lacked merit. As a result, the impugned orders were set aside, and the appeal was allowed with consequential relief. en-us Thu, 08 Sep 2016 00:00:00 +0530 Sat, 08 Oct 2016 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332628 The case involved a dispute over the reversal of cenvat credit on the sale of used capital goods after a period of use. The Tribunal ruled that upon clearance of used capital goods, the assessee was required to pay duty on the transaction value instead of reversing the entire modvat credit originally availed. Citing various precedents, including decisions from the Bombay and Madras High Courts, the Tribunal concluded that the Revenue's position lacked merit. As a result, the impugned orders were set aside, and the appeal was allowed with consequential relief. Case-Laws Central Excise Thu, 08 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332628