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2013 (3) TMI 87 - AT - Central ExciseReversal of CENVAT credit based on depreciated value - capital goods used for some time and thereafter removed - Revenue was of the view that the appellant should have reversed the entire credit as during the period when the goods were removed from the factory there was no provision in Rule 3 of the CENVAT Credit Rules for reversal of credit based on depreciated value - Held that:- As deccided in CCE, Salem Vs. Rogini Mills Ltd. [2010 (10) TMI 424 - MADRAS HIGH COURT] the said provision requiring reversal of the entire credit taken at the time of receipt of the capital goods in the factory cannot be applied to a situation where capital goods are cleared after use for a few years. when the transfer of the capital goods is from one factory of the same assessee to another factory of the same assessee there is no need for reversal of any credit - in favour of assessee.
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