https://www.taxtmi.com/caselaws?id=367837 The Tribunal upheld the duty liability on used capital goods, set aside the penalty under Section 11AC due to lack of suppression of facts, and confirmed the demand of interest on cenvat credit availed but not utilized. The decision provided clarity on the interpretation of Rule 3(5) of the Cenvat Credit Rules, 2004, emphasizing the importance of considering depreciation in determining duty liability on clearance of capital goods after use. en-us Tue, 25 Sep 2018 00:00:00 +0530 Thu, 27 Sep 2018 06:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367837 The Tribunal upheld the duty liability on used capital goods, set aside the penalty under Section 11AC due to lack of suppression of facts, and confirmed the demand of interest on cenvat credit availed but not utilized. The decision provided clarity on the interpretation of Rule 3(5) of the Cenvat Credit Rules, 2004, emphasizing the importance of considering depreciation in determining duty liability on clearance of capital goods after use. Case-Laws Central Excise Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367837