2017 (7) TMI 334

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.... impugned order for demanding duty on account of their reversal of cenvat credit by the appellant. 2.   The facts of the case are that the appellant procured the capital goods and used thereof which were cleared as capital goods after use. At the time of clearance of capital goods, the appellant reversed the cenvat credit on capital goods on depreciated value as per Rule 3(5A) of the Ce....

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....sides and perused the records. 4.   The Provisions of Rule 3(5A) of the Cenvat Credit Rules, 2004 states that the assessee is entitled to avail cenvat credit on the capital goods and if the capital goods has been cleared after be used then the appellant is required to reverse cenvat credit on the depreciated value of the capital goods from the date of taking of cenvat credit @ 2.5% for ....