2014 (4) TMI 1142

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....wa : After hearing both the sides, I find that the appellants are engaged in the manufacture of fuel injection pumps used in automobiles. The capital goods received by the them in the year 1997, after sufficient use, were transferred by them to the sister unit on 11.12.2004, on payment of duty of Rs. 2,81,422/-. According to the appellant such payment was made on the depreciated value of the capi....

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....quired to be decided in the present appeal is as to whether on removal of used capital goods, the appellant is required to reverse the entire Cenvat credit originally taken by him at the time of receipt of the capital goods or not. I find that the demands stands confirmed in terms of the provisions of Rule 3(5) of Cenvat Credit Rules. The said Rule applies to removal of capital goods as such and n....