https://www.taxtmi.com/caselaws?id=756307 Capital goods removed after actual use are not cleared "as such" for Cenvat credit purposes. The settled distinction is that full reversal of credit applies when goods are removed without use, whereas used capital goods attract valuation on depreciated value. The scheme of Cenvat credit is intended to prevent cascading of duty, and the amended rule from 13-11-2007 recognises the difference between removal as such and removal after use. On that basis, duty is payable only on the depreciated value of the capital goods, and not on full credit reversal. en-us Mon, 15 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 08:31:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756307 Capital goods removed after actual use are not cleared "as such" for Cenvat credit purposes. The settled distinction is that full reversal of credit applies when goods are removed without use, whereas used capital goods attract valuation on depreciated value. The scheme of Cenvat credit is intended to prevent cascading of duty, and the amended rule from 13-11-2007 recognises the difference between removal as such and removal after use. On that basis, duty is payable only on the depreciated value of the capital goods, and not on full credit reversal. Case-Laws Central Excise Mon, 15 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756307