Clarification with regard to valuation of goods-regarding.

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....n situations, inter alia in respect of valuation of capital goods or inputs removed as such from the factory of the manufacturer. It was clarified that in such situations, the provisions of rule 3(5) of CENVAT Credit Rules, 2004 shall apply. 2. Consequent to that, a point has been raised as to whether the provisions of rule 3(5) of CENVAT Credit Rules, 2004 shall apply to situations when the pro....

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....cturer shall pay an amount equal to the credit availed in respect of such inputs or capital goods. This position remains unchanged in rule 3(5) of CENVAT Credit Rules, 2004. 4. It was in this context that the clarification was issued vide Circular No. 813/10/2005-CX dated 25th April, 2005 to say that in case, the inputs or capital goods are removed as such, the provisions of rule 3(5) of CENVAT ....