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Central Excise - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Reversal of cenvat credit - removal of capital goods after use - ...

Central Excise

September 23, 2015

Reversal of cenvat credit - removal of capital goods after use - the case of the Appellant was covered under the second proviso to Rule 3(5) and not under Rule 3(5A) of CENVAT Credit Rules, 2004 -after 10 years of use of the capital goods, the amount of credit required to be reversed becomes zero - refund, of amount paid wrongly, allowed - AT

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