https://www.taxtmi.com/caselaws?id=358545 The Tribunal ruled in favor of the appellant, setting aside the order to reverse CENVAT credit on obsolete capital goods and inputs. The decision emphasized that the rule requiring reversal did not apply due to the timing of its insertion, as per previous judgments. It was established that duty or reversal of credit cannot be demanded for obsolete goods in the factory, with duty payable only upon their removal, in line with precedents and High Court decisions. en-us Mon, 12 Mar 2018 00:00:00 +0530 Sat, 14 Apr 2018 07:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358545 The Tribunal ruled in favor of the appellant, setting aside the order to reverse CENVAT credit on obsolete capital goods and inputs. The decision emphasized that the rule requiring reversal did not apply due to the timing of its insertion, as per previous judgments. It was established that duty or reversal of credit cannot be demanded for obsolete goods in the factory, with duty payable only upon their removal, in line with precedents and High Court decisions. Case-Laws Central Excise Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358545