Reversing Cenvat Credit on removal of used capital goods contradicts scheme's purpose, risks discouraging capital investment.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reversal of Cenvat Credit – Removal as such of capital goods after use - If even after use for a couple of years, the Cenvat Credit is required to be reversed then it would certainly defeat the object of the scheme. - AT....