https://www.taxtmi.com/caselaws?id=765460 Used capital goods cleared after being put to use are not removed "as such" for purposes of Rule 3(5) of the Cenvat Credit Rules, 2004, so reversal of the entire Cenvat credit is not required. The reasoning treated the clearance of worn or used capital goods as governed by the valuation and duty framework applicable to used capital goods, supported by the Board circular and the later amendment aligning the rule with that understanding. On that basis, duty on reduced transaction value applied and full credit reversal was unsustainable. en-us Wed, 29 Jan 2025 00:00:00 +0530 Sat, 01 Feb 2025 08:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765460 Used capital goods cleared after being put to use are not removed "as such" for purposes of Rule 3(5) of the Cenvat Credit Rules, 2004, so reversal of the entire Cenvat credit is not required. The reasoning treated the clearance of worn or used capital goods as governed by the valuation and duty framework applicable to used capital goods, supported by the Board circular and the later amendment aligning the rule with that understanding. On that basis, duty on reduced transaction value applied and full credit reversal was unsustainable. Case-Laws Central Excise Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765460