Tuesday 12 May 2015

Term ‘removed as such’ used in rule 3(5) doesn’t cover removal after use of inputs/capital goods

Cenvat Credit : Expression 'removed as such' in rule 3(5) of Cenvat Credit Rules, 2004 would mean 'removal without putting to any use' and hence, same would not cover 'removal after use' of inputs/capital goods

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