https://www.taxtmi.com/caselaws?id=346773 The Tribunal ruled in favor of the appellant in an appeal concerning the reversal of availed cenvat credit on cleared used capital goods and the demand for duty on transaction value. The Tribunal held that no duty was payable on used capital goods cleared before the 2007 amendment to the Cenvat Credit Rules. Citing various High Court judgments, including those from Punjab and Haryana, Bombay, Delhi, and Karnataka, the Tribunal concluded that the appellant was not liable to reverse the cenvat credit on capital goods cleared after use. The impugned order was deemed unsustainable, and the appeal was allowed in favor of the appellant. en-us Tue, 11 Jul 2017 00:00:00 +0530 Wed, 23 Aug 2017 07:32:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346773 The Tribunal ruled in favor of the appellant in an appeal concerning the reversal of availed cenvat credit on cleared used capital goods and the demand for duty on transaction value. The Tribunal held that no duty was payable on used capital goods cleared before the 2007 amendment to the Cenvat Credit Rules. Citing various High Court judgments, including those from Punjab and Haryana, Bombay, Delhi, and Karnataka, the Tribunal concluded that the appellant was not liable to reverse the cenvat credit on capital goods cleared after use. The impugned order was deemed unsustainable, and the appeal was allowed in favor of the appellant. Case-Laws Central Excise Tue, 11 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346773