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2010 (3) TMI 598 - AT - Central ExciseCenvat Credit - cleared capital goods to their another unit - capital goods used for a period of more than 7 to 8 years - while procuring the said capital goods, the appellants had availed the credit - short payment of duty - whether the goods, which were removed from the factory would be liable to pay the duty equivalent to the amount of the credit which was availed initially when the goods were procured - or the same shall be after taking into consideration the wear and tear of the capital goods – Held that: - pay an amount equal to the Cenvat credit taken on the said capital goods reduced by 2.5 per cent for each quarter of the year or part thereof from the date of taking Cenvat credit.”
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