According to Rule3(4) CENVAT is to be paid on CENVAT credit taken on capital goods if such capital goods are removed as such;, if the caoital Goods is scrapped Excise Duty is payable on its transaction value.
Question 1. If the Capital Goods is scapped within one year of receipt, only 50% would have been availed when the manufacturer is not a SSI, what is the position of the reamaining 50% ? Can the remaining 50 % be claimed in the month of scrapping?
Question 2 Are any documents to be maintained to prove it to be scrap?
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