https://www.taxtmi.com/caselaws?id=374806 Capital goods cleared after use are not removed "as such" within Rule 3(4) of the CENVAT Credit Rules when they are no longer unused goods; the applicable reversal is therefore limited to the depreciated transaction value, not the full original CENVAT credit. On that basis, the demand for differential duty, interest, and penalty could not stand, and the Revenue's challenge failed. The First Appellate Authority's order setting aside the demand was sustained. en-us Tue, 13 Nov 2018 00:00:00 +0530 Mon, 11 Feb 2019 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374806 Capital goods cleared after use are not removed "as such" within Rule 3(4) of the CENVAT Credit Rules when they are no longer unused goods; the applicable reversal is therefore limited to the depreciated transaction value, not the full original CENVAT credit. On that basis, the demand for differential duty, interest, and penalty could not stand, and the Revenue's challenge failed. The First Appellate Authority's order setting aside the demand was sustained. Case-Laws Central Excise Tue, 13 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374806