Reversal of cenvat credit

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..... To all, Sir, Suppose a manufacture has availed credit on the strength of an Invoice where the price is Rs.100 and duty pass on is Rs.12.36 and later he receives credit of rate differnece of Rs .....

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..... .10. Mean to say that the actual amount he has paid is Rs.90 but credit take is Rs.12.36. Now , is the manufacturer is liable to reverse proportionate credit on Rs.10. - Reply By SHIVKUMAR SHARMA - T .....

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..... he Reply = Dear sanjeev If The Customer is paid a Sum of Rs.90+12.36 ,Than he no need to reversed Rs.1.24 .Because he received the Credit not of basic Value only not differential amt.of excis .....

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..... e duty from supplier of excisable goods. Shivkumar Sharma - Reply By Sanjeev Chauhan - The Reply = Sir , Thanks a lot. - Reversal of cenvat credit - Query Started By: - Sanjeev Chauhan Dat .....

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..... ed:- 23-8-2013 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanage .....

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..... ment - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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