https://www.taxtmi.com/caselaws?id=34014 Removal of used capital goods after use requires reversal of the Cenvat credit originally availed, and Rule 3(4)(c) of the Cenvat Credit Rules, 2004 was applied to determine duty liability on clearance. The clearance particulars and duty payment were disclosed in the monthly return, so suppression was not established and the extended limitation period could not be invoked. The substantive credit-reversal obligation was affirmed, but the demand could not be sustained because it was time-barred. en-us Mon, 02 Feb 2009 00:00:00 +0530 Sun, 05 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34014 Removal of used capital goods after use requires reversal of the Cenvat credit originally availed, and Rule 3(4)(c) of the Cenvat Credit Rules, 2004 was applied to determine duty liability on clearance. The clearance particulars and duty payment were disclosed in the monthly return, so suppression was not established and the extended limitation period could not be invoked. The substantive credit-reversal obligation was affirmed, but the demand could not be sustained because it was time-barred. Case-Laws Central Excise Mon, 02 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34014