https://www.taxtmi.com/highlights?id=70941 Reversal of credit at the time of transfer of capital goods - Determination of Depreciated value for reversal of Credit - The reference to depreciation under the Income Tax Act in Rule 4(4) is in an entirely different context and has no application as urged by the Appellant. This condition has to be seen solely in the context of availment of CENVAT credit only and has no bearing on the valuation of the goods. - HC en-us Mon, 17 Jul 2023 08:29:39 +0530 Mon, 17 Jul 2023 08:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70941 Reversal of credit at the time of transfer of capital goods - Determination of Depreciated value for reversal of Credit - The reference to depreciation under the Income Tax Act in Rule 4(4) is in an entirely different context and has no application as urged by the Appellant. This condition has to be seen solely in the context of availment of CENVAT credit only and has no bearing on the valuation of the goods. - HC Highlights Central Excise Mon, 17 Jul 2023 08:29:39 +0530 https://www.taxtmi.com/highlights?id=70941