CENVAT Credit Reversal: Capital Goods and Inputs Merge, Cannot Be Considered Separately-Legal Implications Explained.

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....Reversal of CENVAT credit on capital goods wrongly taken - when the Cenvat credit are availed on the inputs or capital goods, the credits get merged and as such, lose their identity. In such situation, considering the credit balance of inputs and capital goods separately is not legally sustainable - AT....