Errors in Calculating CENVAT Credit Reversal for Common Inputs u/r 6(3) of Central Excise Rules Highlighted.

Quantification of CENVAT Credit reversed - common Input/Input Services used - There is indeed serious error in calculation of the amount to be paid under Rule 6(3). As regard the terms “total Cenvat Credit” to be considered for the formula as provided under Rule 6 (3A)- AT .....

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