https://www.taxtmi.com/caselaws?id=54280 Used Cenvated capital goods sold after debonding were held outside the rule requiring duty payment on removal of capital goods as such. The Tribunal found that the Board circular relied on applied only to capital goods removed in the same condition, and the cited Cenvat Credit Rules did not create a duty demand on sale of used machinery on transaction value in these facts. The proposed demand, along with interest and penalty, therefore could not be sustained, and the assessee obtained relief on the substantive duty issue. en-us Fri, 05 Aug 2005 00:00:00 +0530 Tue, 02 Aug 2016 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54280 Used Cenvated capital goods sold after debonding were held outside the rule requiring duty payment on removal of capital goods as such. The Tribunal found that the Board circular relied on applied only to capital goods removed in the same condition, and the cited Cenvat Credit Rules did not create a duty demand on sale of used machinery on transaction value in these facts. The proposed demand, along with interest and penalty, therefore could not be sustained, and the assessee obtained relief on the substantive duty issue. Case-Laws Central Excise Fri, 05 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54280