26 September 2009
as per rule 3(4), Cenvat credit can be utilised for the specfied payments therein.among these payments one is; if any capital goods is removed as such then an amount equal to cenvat credit taken on such capital goods. my query is that if any capital goods is removed after being used then whether credit for duty payable on such removal can be taken or payment to be made thrw PLA bcoz as per Rule 3(4) credit can be taken only if cap goods is removed as such.
CAclubindia
