https://www.taxtmi.com/caselaws?id=356135 The Tribunal partially allowed the appeal, setting aside the balance demand confirmation and penalty imposition. It was held that duty on scrap generated from capital goods is applicable only when credit was availed on the capital goods, rejecting the Revenue's argument that duty is payable on the transaction value of scrap regardless of credit availed. The judgment emphasized interpreting Rule 3(5A) in conjunction with other rules and deemed the strict application of the rule to parts of capital goods unnecessary. en-us Wed, 21 Feb 2018 00:00:00 +0530 Mon, 04 Mar 2019 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356135 The Tribunal partially allowed the appeal, setting aside the balance demand confirmation and penalty imposition. It was held that duty on scrap generated from capital goods is applicable only when credit was availed on the capital goods, rejecting the Revenue's argument that duty is payable on the transaction value of scrap regardless of credit availed. The judgment emphasized interpreting Rule 3(5A) in conjunction with other rules and deemed the strict application of the rule to parts of capital goods unnecessary. Case-Laws Central Excise Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356135