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TMI BlogShortage material receivedX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, We are purchasing chemical on daily basis from x company but Approx 7 to 8 times we had received material shortage ( above 15 % ) amount also huge ( taxable amount -- Rs.25000 ) .We have al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so take cenvat credit less In stores MRN also book less but party take objection that why i am bare cenvat loss ? Please suggest above issue ? In excise point of view what type of help giving ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to pary ? Sachin - Reply By Surender Gupta - The Reply = Cenvat Credit is available on the basis of material received in the factory. If you receive short material than mentioned in Invo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice, you have no option but to avail cenvat credit proportionate to the material received in the factory. However, if the loss is caused during the manufacturing process, there is no need of rever ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sal or less availment of credit. But, your case is not falling in this category. - Shortage material received - Query Started By: - SACHIN SHAH Dated:- 5-2-2011 Central Excise - Got 1 Reply - Centr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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