https://www.taxtmi.com/caselaws?id=370323 The Tribunal held that the appellants must reverse the CENVAT Credit on capital goods sold in 2007 after being used in the factory premises, following the principles of depreciation at 2.5% per quarter of use. The matter was remanded for the determination of the specific credit amount to be reversed by the appellant. The decision allowed the appeals for further proceedings in light of the requirement to reverse the credit on the sold capital goods. en-us Thu, 19 Jul 2018 00:00:00 +0530 Fri, 16 Nov 2018 07:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370323 The Tribunal held that the appellants must reverse the CENVAT Credit on capital goods sold in 2007 after being used in the factory premises, following the principles of depreciation at 2.5% per quarter of use. The matter was remanded for the determination of the specific credit amount to be reversed by the appellant. The decision allowed the appeals for further proceedings in light of the requirement to reverse the credit on the sold capital goods. Case-Laws Central Excise Thu, 19 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370323