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2018 (11) TMI 666 - CESTAT MUMBAIReversal of credit/discharge of duty on the capital goods - capital goods cleared as such - Held that:- The Larger Bench in Navodhaya Plastic Industries Ltd.’s case [2013 (12) TMI 82 - CESTAT CHENNAI] has held that after use of the capital goods for many years, credit is required to be reversed by reducing its value @ 2.5% per quarter of use of the said machinery. Thus, there cannot be any doubt that the appellant is required to reverse CENVAT Credit/discharge duty on the capital goods after allowing depreciation on the value @ 2.5% per quarter of its use - matter is remanded to arrive at the quantum of credit required to be reversed by the appellant - appeal allowed by way of remand.
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