https://www.taxtmi.com/forum/issue?id=111337 Where capital goods are cleared as waste or scrap, duty must be paid on the transaction value at which they are sold or cleared. A quarter-wise reduction mechanism for used capital goods exists, but a proviso makes duty payable equal to duty on transaction value if the reduced calculation produces an amount less than duty on transaction value. If realization exceeds residual reduced value, duty is payable on that realization; reusable machinery is subject to cenvat credit rules for clearance. en-us Sat, 07 Jan 2017 14:28:30 +0530 Thu, 23 Jan 2025 15:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111337 Where capital goods are cleared as waste or scrap, duty must be paid on the transaction value at which they are sold or cleared. A quarter-wise reduction mechanism for used capital goods exists, but a proviso makes duty payable equal to duty on transaction value if the reduced calculation produces an amount less than duty on transaction value. If realization exceeds residual reduced value, duty is payable on that realization; reusable machinery is subject to cenvat credit rules for clearance. Discussion-Forum Central Excise Sat, 07 Jan 2017 14:28:30 +0530 https://www.taxtmi.com/forum/issue?id=111337