If we taken Excise credit wrong and then reverse with interest in whcih section we pay interest

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..... If we taken Excise credit wrong and then reverse with interest in whcih section we pay interest
Query (Issue) Started By: - Swapneswar muduli Dated:- 8-10-2015 Last Reply Date:- 10-10-2015 Central .....

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..... Excise
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Central Excise
Dear Sir, We taken Cenvat credit wrongly when we indiantified it is wrong than we reversed with interest. the interest amount which we paid in which sec .....

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..... tion we mention inER-1. Regards Swapneswar Reply By KASTURI SETHI: The Reply: You may mention either Rule 14 (1)(ii) of Cenvat Credit Rules, 2004 or Section 11 AA of Central Excise Act or Section .....

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..... 75 of the Finance Act. If you mention only Rule 14(1)(ii) of Cenvat Credit Rules, 2004, that will also be sufficient because Rule 14 is subject to Section 11 AA of CE Act and Section 75 of the Finance .....

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..... Act. Reply By Mahir S: The Reply: Sir, You can show interest paid under the heading -- details of other payment made --.in the ER -1 return.
Discussion Forum - Knowledge Sharing .....

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